Home building costs in Australia have skyrocketed by nearly $100,000 since 2020, reaching $443,828.

Home building costs in Australia have surged by nearly $100,000 over four years, increasing from $345,410 to $443,828. The rise, reported by the Australian Bureau of Statistics, varies by state, with Queensland seeing the biggest jump at 44%, followed by New South Wales at 30.2%, and Victoria at 25.5%. The pandemic is blamed for extending completion times and driving up costs.

November 23, 2024
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