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Australian residential construction costs have soared by more than 40% since the start of the COVID-19 pandemic.
As a result, the average cost of building a dwelling in Australia has increased by 74% since the end of 2019, from $328,300 to $570,650 as at the end of 2025:
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The average cost of building a detached house has increased by 62%, from $339,300 to $549,900, whereas the average cost of building a unit has increased by 90%, from $319,750 to $608,250.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.