Houses more expensive to build

Last updated 12:35 19/05/2014

Relevant offers

Money

Givealittle 5 per cent fee may cause stress for campaigners Auckland house sale prices leave official valuations in the dust What does bridal shop failure mean for customers who have paid deposits? Recruitment consultant ripped off foreign workers in Christchurch Think you're bored at work? Try these jobs Wealth is only key to happiness if you know how to spend it Students told to think about what they get back from their uni fee investment Life story - colourful economist Rufus Dawe dies, 85 Rich list revealed, with combined wealth of $60 billion Famous Kiwi faces who may not make the New Zealand 'Rich List'

The cost of building homes was up 4.6 per cent in the March year, the biggest increase in six years, with other building costs rising almost as much.

Statistics NZ figures on capital goods costs, released today, shows residential building price index was up 1.1 per cent in the March quarter. The non-residential price index was up 0.8 per cent.

For the year, the capital goods price index for residential building was up 4.6 per cent, while non-residential building costs were up 3.5 per cent.

Overall, the cost of buying new capital items rose 0.6 per cent in the March quarter, mainly driven by higher building costs. That was partly offset by lower transport equipment, with prices falling due to a high New Zealand dollar.

The Capital Goods Price Index measures the change in the purchase price of new capital goods used by producers.

Ad Feedback

- Stuff

Comments

Special offers

Featured Promotions

Sponsored Content