CONSTRUCTION COSTS TO SOAR DURING REBUILDING PHASE
4 April 2011,
QUEENSLAND rebuilding phase could see residential construction costs jump five percent in far north Queensland and some areas of south-east Queensland, according to property and construction cost consultants Davis Langdon.
With approximately 26,000 homes in Brisbane and 3,000 in Ipswich reportedly affected by flooding and extensive damage in north Queensland from Cyclone Yasi, Davis Langdon has welcomed the establishment of the Australian Government Reconstruction Inspectorate to oversee rebuilding works.
“The current surplus of labour in Queensland following the global financial crisis will help ease price pressures in the long term, however, some short term spikes may be unavoidable.”