Cordell
Residential building costs still increasing but slowed to 0.4% in the September quarter
Residential construction cost inflation was 2.7% in year to June, down from the 10.4% peak in 2022
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Residential construction cost inflation was 2.7% in year to June, down from the 10.4% peak in 2022
Residential construction cost inflation back to near zero after several years of high cost growth
The cost of building a standard three bedroom house rose just +1.1% in the 2024 year, down from 2023’s rise of +2.4% and well below the spike of +10.4% in 2022
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The cost of building a standard three bedroom house rose just +1.1% in the 2024 year, down from 2023’s rise of +2.4% and well below the spike of +10.4% in 2022
The cost of building a standard three bedroom house declined by 1.1% in the June quarter
Residential construction costs are flattening out, reducing the chances of cost blowouts on new builds
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Residential construction costs are flattening out, reducing the chances of cost blowouts on new builds