Get the latest construction costs with QV CostBuilder
QV CostBuilder is New Zealand’s most comprehensive construction cost database.
October 2024
In this monthly update, approximately 10,000 current material prices have been applied to the QV CostBuilder rates, resulting in roughly 350 changes to the data across Auckland, Hamilton, Palmerston North, Wellington, Christchurch and Dunedin. The number of changes is the lowest since CostBuilder’s inception in 2015, with the previous lowest being 600 in 2024 Q2.3
Here are some of the notable rate changes across the libraries since our last construction cost update in September:
Cost planning rates
On average, the Elements have not increased since the last update. Only one element changed in this update:
- Roof: up 0.1%
Detailed rates
On average, the Trades have not increased, since the last update. Only three trades showed a change, as below:
- Hardware: down 0.1%
- Laminated Timber: up 0.1%
- Painting & Specialist Finishes: up 0.1%
September 2024
In this monthly update, approximately 10,000 current material & labour prices have been applied to the QV CostBuilder rates, resulting in roughly 2,100 changes to the data across Auckland, Hamilton, Palmerston North, Wellington, Christchurch and Dunedin.
Here are some of the notable rate changes across the libraries since our last construction cost update in August:
Cost planning rates
On average, the Elements have marginally increased by 0.1% since the last update. The range of change is 0.0% to +0.9%, as below:
- Roof: up 0.9%
- Exterior Works: up 0.5%
- Exterior Walls, Exterior Finish: up 0.4%
- Structural Walls: up 0.2%
Detailed rates
On average, the Trades increased 0.2%, with a range of changes between 0.0% & +5.3%, as below:
- Joinery: up 5.3%
- Roof Coverings: up 0.9%
- Concrete Blockwork: up 0.8%
- Brickwork: up 0.3%
August 2024
In our latest update, approximately 12,700 current material & labour prices have been applied to the QV CostBuilder rates, resulting in roughly 7,900 changes to the data across Auckland, Hamilton, Palmerston North, Wellington, Christchurch and Dunedin.
Here are some of the notable rate changes since our last construction cost update in July:
Cost planning rates
On average, the Elements have not increased since the last update. This is after a modest increase of only 0.1% last time. The range of change is between -0.6% to +0.9%, as below:
- Interior Doors: up 0.9%
- Sanitary Plumbing: up 0.5%
- Upper Floors: also up 0.5%
- Partitions: down 0.4%
- Exterior Works: down 0.6%
Detailed rates
On average, the Trades reduced by 0.2% with a range of changes between -5.7% & +2.9%, as below:
- Hardware: up 2.9%;
- Demolition: up 1.4%
- Fire Proofing: down 3.8%
- Suspended Ceilings: down 4.5%
- Steel Framing: down 5.7%
Want to know more?
To see the full list of changes – and to take the guesswork out of pricing your next project – subscribe to QV CostBuilder today.
Your subscription grants instant access to a wealth of regularly updated data, covering everything from the building costs per square metre for a range of different buildings, to the indicative costs of more than 10,500 other items, plus labour rates and hours, plant constants, and more than we can list here.