The West Australian
When COVID-19 disruptions caused inflation to shoot up, so did the cost of building new homes.
So, as inflation returns to normal, why are construction costs accelerating again?
It’s a dilemma that is throttling the industry and preventing it from delivering the new supply needed to ease housing affordability.
When COVID-19 disruptions caused inflation to shoot up, so did the cost of building new homes.
So, as inflation returns to normal, why are construction costs accelerating again?
It’s a dilemma that is throttling the industry and preventing it from delivering the new supply needed to ease housing affordability.
Costs for building stand-alone houses grew 3.4 per cent over the 12 months to December, up from 3.2 per cent the previous quarter, CoreLogic’s latest Cordell Construction Cost Index shows.
The index is up more than 30 per cent since the onset of COVID.