As building costs continue to soar, 2022 looks to bring frustration to home buyers and builders. Overall, the average building cost per square metre in New Zealand is currently $2,459 (March 2022 figures), having risen from $2,359 in 2020. Given the global materials shortage, varying council consent costs and, of course, the specifications of what you’re building, these costs can vary.
Building a home has its advantages – complete control over the design, fit-out, and interiors. However, building a home is expensive, time-consuming, stressful and, now, increasingly uncertain when it comes to determining a budget.
With Cambridge Homes we can lay out all the costs for you, we do all the design and consents and we can work inside most budgets so there are no surprises and no hidden cost along the way. With Placemakers flagging rising costs again across many construction materials, now is a good time to lock in new build with Cambridge Homes to take advantage of our better buying power.
With land prices softening building a new home will likely cost less then buying a new build giving you some capital gains once completed.
Average cost to build in New Zealand by main centres.
Example Average Build Costs for New Home Construction (2022 data)