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Home building costs in New Zealand have risen 44% over four years, with Dunedin and Palmerston North hit hardest.
Home building costs in New Zealand have surged by 44% over the past four years, with Dunedin and Palmerston North seeing the highest increases at 47.1% and 46%, respectively.
Auckland's increase was the lowest at 39.4%.
Though the rate of cost inflation has slowed, recent data shows a 0.7% to 2.2% increase across major cities in 2024.
However, geopolitical instability and trade wars could potentially raise costs further.
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Los costos de construcción de viviendas en Nueva Zelanda han aumentado un 44% en cuatro años, siendo Dunedin y Palmerston North los más afectados.