---
title: Current Construction Costs
description: Current Construction Costs
---

[Research ](https://www.placeprojects.com.au/research)

# [Current Construction Costs](https://www.placeprojects.com.au/research/current-construction-costs)

 Written by [Place Advisory](https://www.placeprojects.com.au/research/author/place-advisory) | 7/02/24 10:00 PM

The Cordell Construction Cost Index (CCCI) rose 0.5% through the September 2023 quarter. The trend in the CCCI sugests growth in construction costs have now normalised.

As per the chart above from Cordells/CoreLogic, despite the fact that the cost of construction has now stabilised somewhat (albeit still high), it remains a significant challenge to get a new project out of the ground. This is expected to be a hurdle that developers face for longer, especially in Brisbane, as new infrastructure projects in Queensland create ongoing competition for skilled labour.

Construction costs have a significant ability to affect the ultimate feasibility of a project, being the single largest item of expenditure in most residential developments. Increased construction costs, combined with a higher cost of funding and no real backward movement in site values, has ensured that only a very limited number of residential apartment projects remain viable under these current conditions.

### [CLICK HERE TO READ MORE](https://www.placeprojects.com.au/hubfs/PlaceProjects/Research%20Reports/2023/Apartment%20Report%20Issue%2022%20Summer%202023/Apartment%20-%20No%2022%20-%20Summer%2023.pdf)

[View full post](https://www.placeprojects.com.au/research/current-construction-costs)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Place Advisory"
  },
  "dateModified" : "2024-02-07T22:00:01.038Z",
  "datePublished" : "2024-02-07T22:00:00Z",
  "headline" : "Current Construction Costs",
  "image" : {
    "@type" : "ImageObject",
    "height" : 1333,
    "url" : "https://2942993.fs1.hubspotusercontent-na1.net/hubfs/2942993/PlaceProjects/Research%20Reports/Stock%20Images/iStock-1457486767.jpg",
    "width" : 2000
  },
  "mainEntityOfPage" : "https://www.placeprojects.com.au/research/current-construction-costs",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Research"
  }
}
```