Queensland’s CCCI rose by 3.8 per cent to 342.3 over the September 2021 quarter, compared to 0.8% over the March quarter and 1.4% over the June quarter.

Queensland recorded the highest annual change in construction costs across the states, with the CCCI increasing by 8.0% over the 12 months to September 2021, higher than the national growth rate of 7.1% over the same period.

Outside of the impact from GST in 2000, this is the most significant annual rise in Queensland residential constructions costs on record.

The latest ABS figures show the CPI increased by 1.3% over the three months to September 2021, after increasing by 0.8% over the previous three-month period.

The CoreLogic home value index saw Brisbane dwelling values increase by 5.9% over the three months to September, while regional Queensland saw dwelling values increase by 5.0% over the same period.

Annually, dwelling values across Brisbane are up 19.9%, while regional Queensland dwelling values increased by 22.2%.

As of September 2021, the median value of a Brisbane house is $709,136 while the median value of a Brisbane unit is $430,000.

Across regional Queensland, the median house value is $472,585 while the median unit value is $456,356.

Tim Lawless
About Tim Lawless
Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au
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