Get the latest construction costs with QV CostBuilder
QV CostBuilder is New Zealand’s most comprehensive construction cost database.
November 2024
In this quarterly update, approximately 16,300 current material prices have been applied to the QV CostBuilder rates, resulting in roughly 23,100 changes to the data across Auckland, Hamilton, Palmerston North, Wellington, Christchurch and Dunedin. This is the largest number of changes since our 2024 Q1.2 update.
Here are some of the notable rate changes across the libraries since our last construction cost update in October:
Cost planning rates
On average, the Elements increased 0.3% since the last update. The range of change is -1.2% to 1.2%, as below:
- Site Preparation: down 1.2%
- Frame: down 0.7%
- Exterior Walls, Exterior Finish: up 0.8%
- Wall Finishes: up 0.8%
- Ceiling Finishes: up 1.2%
Detailed rates
On average, the Trades increased 0.6%, since the last update. The range of change is -2.2% to 5.1%, as below:
- Fire Proofing: down 2.2%
- Structural Steel: down 1.7%
- Steel Framing: up 4.7%
- Suspended Ceilings: up 5.0%
- Proprietary Cladding Systems: up 5.1%
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%
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.