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Ok show me the cost to build a new house..bzzzzzzzzt
wrong
Residential Construction costs generally are back down to earth. Outside of the known blip being COVID.
The cost to build an average dwelling is generally back to its pre covid decade average. CPI adjusted.
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The reason housing is expensive is all the costs you dont see, which aren't part of the physical house. As I mentioned above.
it’s still over 250k to build a new cheap house.
So even on a cheap block in a country town you are looking at the median price to build new.