Property

Builders brace for more price pain

Brent Melville
Thu, 02 Jun 2022

Prices have surged, led by steel and external works. (Image: BusinessDesk)

Brent Melville
Thu, 02 Jun 2022

Soaring building and materials costs have seen residential build inflation jump by more than a fifth over the last year.Quotable Value's (QV) latest costbuilder survey shows the cost of building an average three-bedroom home across the country's major centres climbed 20.9% for the year to the end of April. The costbuilder data, which includes price checks across 60,000 trade rates, factoring in labour costs, hours and other variables, shows prices for residential builds went up across the board by 5.6% for the first four months of...

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Builders brace for more price pain

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