New housing is set to be unlocked for the Gold Coast with new data revealing a surprising change in the construction sector which will make struggling builders smile.
Andrew Potts Follow @GCS_Pottsy less than 2 min read April 27, 2023 - 8:38AM
Gold Coast Bulletin
Property
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Developers say a slowing in construction cost increases will unlock housing for the Gold Coast as the market struggles against a lack of supply.
New data included in CoreLogic’s Cordell Construction Cost Index (CCCI) reveals the cost of building a house grew by 0.9 per cent in the first three months of the year, the slowest level since early 2021.
That’s down from the 1.9 per cent growth recorded in late 2022 and far below the 4.7 per cent increase recorded between July and September 2022.
However, costs remain significantly higher than they were before the pandemic.
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