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Hot Topic NBR Focus: GMO
Hot Topic NBR Focus: GMO
Property
2 mins to read

Build costs in retreat, for the first time

Though the average home build still comes in at about $3250sqm.

Build costs moved into reverse last quarter.

Construction cost inflation moved into reverse gear for the first time in at least 12 years, dropping 1.1% during the June quarter.

That’s according to the Cordell construction cost index, which is based on the price of building a standard three-bedroom, two-bathroom brick and tile standalone

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Brent Melville Thu, 11 Jul 2024
Contact the Writer: bmelville@nbr.co.nz
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Build costs in retreat, for the first time
Property,
104837
true