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flag New Zealand’s construction costs rose 61% since 2015, outpacing inflation, driving a housing affordability crisis.

flag New Zealand’s construction costs have risen nearly twice as fast as overall inflation since 2015, with residential building expenses up 61% and key materials like cedar weatherboards and steel roofing seeing price hikes exceeding 100%. flag Labour costs increased about 35%, outpacing inflation, contributing to a growing affordability crisis. flag While costs surged during global supply chain disruptions, annual increases have stabilized to around 1% by 2025. flag The QV CostBuilder platform, operated by state-owned Quotable Value, tracks over 61,000 rates and 18,000+ materials, helping professionals improve planning accuracy and save time. flag To mark its 10th anniversary, it offers a $50 discount on new subscriptions through November 14, 2025.

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