Fuelled by lengthier restrictions and a tighter labour market, Perth has leapfrogged Sydney to become the country’s most expensive construction market.
Perth has leapfrogged Sydney, Melbourne and Brisbane to become the most expensive city in Australia – and 36th globally – to undertake construction of any kind, according to the 2022 International Construction Market Survey.
“There hasn’t been the available skills coming in and there’s been a huge amount of activity in other states,” she said. According to the latest Turner and Townsend survey, the average cost to build in Perth has increased to US$2822 per sq m from $2142 in 2021, making it more expensive than Sydney at $2699, Melbourne , Brisbane and Adelaide .
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