Housing Build Costs Accelerate 5% In Victoria Over 2017

In Victoria, the cost of constructing a house accelerated by 5% in 2017 according to the CoreLogic CHIP index December quarter results. According to the measure, this is now higher than the national pace of 4% across Australia, and the highest growth rate of all of the states for the year.  

CoreLogic commercial research analyst Eliza Owen said, “Several factors have contributed to this rapid increase in construction costs in the state. Namely, Victoria’s strong housing growth in the…