WT construction economist Damon Roast says most markets have been affected by price escalations in both direct and indirect inputs.

“The idea that pandemic-led record levels of escalation were temporary and the old world of 3 per cent escalation, or even cost falls would return has not happened,” Roast said.

“Brisbane leads the way with an average annual escalation of 6.8 per cent thanks to a strong pipeline and further momentum from Olympic infrastructure with potential upside risks.”

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