Key findings
- In 2014, building a house took approximately 8.5 months on average. In 2024, building a house took, on average, approximately 12.7 months. This represented an increase of 50 per cent over the last decade.
- The cost of material needed to build a house has also increased by a comparable amount: 53 per cent between 2014 and 2024.
- State-by-state, the increase in house construction time between 2014 and 2024 was:
- Western Australia: 85 per cent longer.
- South Australia: 74 per cent longer.
- Queensland: 58 per cent longer.
- New South Wales: 39 per cent longer.
- Victoria: 37 per cent longer.
- Tasmania: 29 per cent longer.
Figure 1: Annualised house construction input cost and construction time indices
