Construction costs rise at the fastest annual pace since 2005
CoreLogic’s Cordell Construction Cost Index (CCCI) for Q4 2021: • Construction costs rose 5.6 percent in the year to September, the fastest annual pace since 2005. • National construction costs increased 7.3% over the 2021 calendar year • A 3.8% surge in national residential construction costs over the three months to September 2021 • Victoria’s […]
Land prices soar to record highs
The median lot price increased 8.5 percent to $256,683 in the 12 months to June, according to the latest Housing Industry Association-CoreLogic Residential Land Report. Residential land prices rose the most in Melbourne, up 19.6 percent over the year. Check out the full details here: https://bit.ly/3tzvRN9
