Building costs have gone through the roof. 

A new QV CostBuilder survey revealed a significant increase to costs over the last four years. 

It looked at the comparative costs of a standard 150m square home over six main centres, and revealed an average increase of 44%. 

The biggest increases were seen in Palmerston North, Dunedin, and Wellington. 

Blackburn Management’s Mike Blackburn told Andrew Dickens that most of the increase would have occurred during the 2021/22 period when the pandemic was causing problems with the supply chain. 

The good news, he says, is that in the last 12 months, the average cost increase on a square metre basis was on 3% across the entirety of New Zealand. 

LISTEN ABOVE 

Building costs have gone through the roof.&nbsp;
A new QV CostBuilder survey revealed a significant increase to costs over the last four years.&nbsp;
It looked at the comparative costs of a standard 150m square home over six main centres, and revealed an average increase of 44%.&nbsp;
The biggest increases were seen in Palmerston North, Dunedin, and Wellington.&nbsp;
Blackburn Management’s Mike Blackburn told Andrew Dickens that most of the increase would have occurred during the 2021/22 period when the pandemic was causing problems with the supply chain.&nbsp;
The good news, he says, is that in the last 12 months, the average cost increase on a square metre basis was on 3% across the entirety of New Zealand.&nbsp;
LISTEN ABOVE&nbsp;

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Mike Blackburn: Blackburn Management Owner on the increase in building costs in the last four years

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6fceddb6-cda9-4732-a2af-b28a0161c359/transcript