15 October 2024 Posted In: Affordability,Construction

WA Today

The cost of building a new home in Perth has continued to climb, pushing the city’s depleted established residential property market to new highs.

CoreLogic’s latest Cordell Construction Cost Index, which tracks the cost to build a typical new dwelling, showed residential construction costs grew 1 per cent over the September quarter, in line with the pre-COVID decade average.

Read the article in full, including an analysis from UDIA WA, at WA Today.

Related Posts

Perth records highest rent hike in 12 months, beating Sydney and Melbourne

The West Australian Rents in Perth are soaring faster than any Australian capital city, forcing some households on $160,000 annual salaries to find alternative shelter by sleeping in cars. New data revealed advertised rents in Perth have risen 19 per cent in the past year and 4 per cent in the past three months – […]

Read more

Perth real estate: Land buyers flock to City of Swan

PerthNow BUYERS looking to build a new home flocked to the City of Swan for land in the June quarter 2020, with Vale, Ellenbrook and Brabham the top three areas for sales activity. The region saw the highest number of sales for any local government area, with just over 1000 lots sold during the three […]

Read more

City of Wanneroo receives more building permit applications

Wanneroo Times WA’s building boom saw 1100 building permit applications totalling $150 million lodged with one council in three months. The City of Wanneroo received about 1100 applications from May to July – a 60 per cent increase compared to the same period last year. The City’s streamlined approval process helped maximise the building boom […]

Read more