WT construction economist Damon Roast says most markets have been affected by price escalations in both direct and indirect inputs.
“The idea that pandemic-led record levels of escalation were temporary and the old world of 3 per cent escalation, or even cost falls would return has not happened,” Roast said.
“Brisbane leads the way with an average annual escalation of 6.8 per cent thanks to a strong pipeline and further momentum from Olympic infrastructure with potential upside risks.”
To read the full report by WT, click here.
TUD+ Professional Member Content
TUD+ Professional Membership includes unlimited access to our entire catalogue of on-demand webinars. Log in or subscribe now to watch the full recording of this webinar.
You can also access this webinar with an one-off payment. You'll need to create a free account to make a purchase.