Original article by Michael Bleby
The Australian Financial Review – Page: 29 : 9-Feb-22

CoreLogic has warned that residential construction costs are likely to rise further in the March quarter, citing factors such as ongoing supply chain disruptions. The firm’s Cordell Construction Cost Index rose by just 1.1 per cent in the final three months of 2021, compared with 3.8 per cent in the September quarter. The index rose by 7.3 per cent in the year to December, its highest annual increase since March 2005. Tim Lawless of CoreLogic says the big rise in annual construction costs might increase the cost of new homes and renovations, which may in turn put upward pressure on inflation.

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