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Building Products Shakeup to Lower Prices

16 April 2024

The coalition Government is eliminating barriers to the use of overseas building products to make it easier and more affordable to build in New Zealand, Building and Construction Minister Chris Penk says.

“Our Government has a plan to rebuild the economy to help Kiwis get ahead, and part of that plan includes cutting red tape and building more housing and infrastructure.

“It has become more difficult and expensive to build in New Zealand, with the cost of building a house increasing by 41 per cent since 2019. It is around 50 per cent more expensive to build a stand-alone house here than in Australia. 

“Part of what drives up costs is the amount of red tape. For example, it is almost impossible to use new building products in New Zealand without facing huge delays, with some approval pathways taking up to two years before a new product is recognised for use.

“This red tape entrenches the use of well-known products, which lowers competition, increases the risk of supply chain disruptions like in the recent GIB shortage, and ultimately makes it more expensive to build anything. 

“That’s why the Government is making three changes to the Building Act that will increase the availability of high-quality affordable building products and help lower the cost of building in New Zealand.”

Click here to read more. 

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