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New Zealand’s building costs rose 0.5% in Q4 2025, driven by higher material prices, despite some declines in others.
Building costs in New Zealand rose 0.5% in the final quarter of 2025 and 1.1% over the past year, driven by higher prices for timber, cladding, concrete, diesel, and painting finishes, according to QV CostBuilder data.
While some materials like plumbing supplies declined, overall construction costs remain stable, with a patchwork of increases and decreases across six major cities.
Regulatory changes may add compliance costs, but low inflation and a reduced official cash rate of 2.25% are expected to keep 2026 favorable for construction.
Non-residential building costs also rose slightly.
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Los costos de construcción de Nueva Zelanda aumentaron un 0,5% en el cuarto trimestre de 2025, impulsados por precios de materiales más altos, a pesar de algunas disminuciones en otros.