Building cost blow outs continue with no end in sight
Construction costs have blown out to record levels and are having a massive impact on the embattled building industry.
Residential construction costs have soared across construction sites such as this one in Melbourne. (Image source: Shutterstock.com)
Victoria and Queensland have led the surge in construction costs around the country, according to a new report.
Construction costs nationally have soared at around double the wider inflation rate, rising by 11 per cent in the past 12 months and showing no signs of slowing.
The most recent Cordell Construction Cost Index (CCCI) showed the latest quarterly and annual increases were the largest on record (excluding an exceptional period impacted b…
