Carl Taylor: Combined Building Supplied Co-op Chair on the increase in building costs
There's ongoing concerns for the construction sector, with fewer new builds being considered.
Corelogic's latest construction index shows just a 1.1% increase in cost during the September quarter.
Overall cost growth remains subdued, reflecting an easing of pressure for labour and materials.
Combined Building Supplies Co-op chair Carl Taylor told Mike Hosking the increase in land costs isn't aiding the industry.
He says a 400-square metre section at Preston's Subdivision in Christchurch was $250,000 two years ago, and is now half a million.
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