Growth In Housing Construction Costs Rise

This slowing in construction may see pressure ease on the cost of housing construction in future quarters, and is reflected in the slowdown in the CHIP index growth in the March 2018 quarter. 

New South Wales is the exception, with housing construction costs holding firm over the quarter. Unlike the national quarterly growth in the CHIP Index, where growth fell 23 basis points, growth in the NSW CHIP index slowed just 3 basis points, from 1.12% growth in the December quarter, to 1.08% in…