• Mike Blackburn: Blackburn Management Owner on the increase in building costs in the last four years

  • Feb 20 2025
  • Length: 3 mins
  • Podcast

Mike Blackburn: Blackburn Management Owner on the increase in building costs in the last four years

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  • Summary

  • Building costs have gone through the roof.

    A new QV CostBuilder survey revealed a significant increase to costs over the last four years.

    It looked at the comparative costs of a standard 150m square home over six main centres, and revealed an average increase of 44%.

    The biggest increases were seen in Palmerston North, Dunedin, and Wellington.

    Blackburn Management’s Mike Blackburn told Andrew Dickens that most of the increase would have occurred during the 2021/22 period when the pandemic was causing problems with the supply chain.

    The good news, he says, is that in the last 12 months, the average cost increase on a square metre basis was on 3% across the entirety of New Zealand.

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