Originally Posted by
iceman
Core LOgic has ripped the Government's "Housing Stocktake Report" apart for inaccuracies. Says they use the average building cost per sqm for 230 sq.mtrs (average size) houses which is around $ 2,000/sq.mtr.
But the "affordable" houses, much smaller and often on more than one level, they claim cost more than $ 3,400/sq.mtr. to build
Furthermore, the claim costs such as fees, land costs, admin costs, groundwork, Branz levies and development contributons are grossly udner estimated or absent. I suppose its easy to come up with an "affordable" number by leaving out most costs.