Page 9 - HW June 2019

hard news
Julien Leys, Chief Executive of the Building Industry Federation (BIF), says the Deloitte report is “a welcome piece
of independent in-depth research that shows for the first time that housing construction costs (e.g. building materials and labour) are very similar and in some cases cheaper between New Zealand and Australia.
“BIF has previously said that building construction costs are very similar between New Zealand and Australia so it is pleasing to see that this has now been validated by the Deloitte report.
“The report unequivocally shows that land and infrastructure is the most significant cost in residential development – 32%
of the cost for a standalone house in Auckland versus 19% for building materials overall.
“The report also highlights that key building materials such as timber, steel and plasterboard actually contribute very little to the total cost of a house – these materials are approximately 1-4% each of the total cost of a house.”
The Deloitte report also identifies that the level of competition in the New Zealand market is working very effectively, says Julien, and that imports have acted as a brake on prices with many New Zealand building materials manufacturers and suppliers absorbing increases in input costs such as raw materials.
“This is proof that competitive pressure driven by imports has kept prices low and again this has benefited homeowners and consumers who expect to receive building products that meet New Zealand standards and conditions,” he says.
You can download the report in full from Deloitte’s website using the shortened URL below:
https://bit.ly/2EBQtdw
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Awards bits & pieces
Hardware Awards update – With nominations closing for most of the 2019 Hardware Awards categories on 14 June, the next deadline is for entries into the individual categories which falls on 12 July.
www.hardwarejournal.co.nz/awards/awards-2019/
Make a splash with colour – Entries are now open for the 2019 Resene Total Colour Awards but they close on 30 June. You can enter multiple times but each entry must be on a separate entry form.
www.resene.com/colourawards
Distinguished landscapes – The 2019 Landscapes of Distinction Awards and Young Landscaper of the Year Gala Dinner takes place on 10 August 2019 at the Stamford Plaza in Auckland.
https://masterlandscapers.org.nz/
For more information call +64 9 916 6750 or email orders@eproducts.co.nz
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JUNE 2019 | NZHJ 7
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