What's Driving the Cost of Construction?

Costs in construction have spiked in recent months, driven by inflation, economic stimulus and supply chain challenges, impacting on material availability. The increase in construction costs is putting pressure on the development pipeline, margins and timelines. So how high will they go, how are developers these managing increases and what is the outlook for the Australian economy? In this episode of Talking Property we look at the sharp rise in construction costs and the impact they’re having on the industry. Hosted by Kate Bailey, Director of Research, Pacific with special guests Carlos Cacho, Chief Economist at Jarden Australia and Richard Hume, Victorian State Director of Project Management at CBRE Pacific. To find out more about this topic, you can read CBRE's full brief https://www.cbre.com.au/insights/reports/australia-local-response-sharp-rise-in-construction-cost-inflation-to-persist-june-2022If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at [email protected].