Construction costs are rising fastest in Brisbane and Perth, the two capitals least affected by lockdowns but with the toughest border restrictions, RLB’s latest assessment of tender price rises shows.

With inflation forecast to surge 9.6 per cent and 10.5 per cent in Brisbane and Gold Coast respectively this calendar year, the two cities are also set for further construction cost gains next year with an estimated 5 per cent increase, the surveying firm’s International Report – Fourth Quarter 2021.