Home Extension & Renovation Cost Index
December data reveals a 0.5% overall increase for the month, a result of input cost increases as follows:
- Frames & Trusses up 5% – 8%
- Compliance fees up 3.2%
- Gyprock up 3%
Also recorded were smaller increases in other areas, including some labour charges and electrical materials.
This month’s result brings the overall increase in home addition costs over the past 12 months to 2.84%.