Brisbane is the country’s most expensive market to build in due to the state’s ambitious infrastructure investment program, and it will only get more expensive in the race towards the 2032 Olympics.
It now costs about $5009 per square metre to build in Brisbane, above Sydney at $4866 and Melbourne at $4242 – the nation’s second-cheapest city to build – research from construction consultancy firm Turner & Townsend reveals.
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Sarah Petty covers commercial and residential property markets for The Australian Financial Review, based in the Melbourne newsroom. Email Sarah at sarah.petty@afr.com