NewsBite

Home builders face an extra cost burden this year

Michael Bleby
Michael BlebyDeputy property editor

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

New home building, already slowed by high borrowing and materials costs, faces a further cost inflation this year as states and territories implement new building code requirements for a seven-star minimum NatHERS (nationwide house energy rating scheme) thermal rating.

But while the increase in thermal rating for new homes from six stars – codified in amendments to the National Construction Code, a blueprint of design rules – will create some extra upfront expense, there’s disagreement about how much it will cost.

Loading...
Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Residential

Fetching latest articles

Most Viewed In Property

    Original URL: https://www.afr.com/property/residential/home-builders-face-an-extra-cost-burden-this-year-20231212-p5er12