Exploratory factors influencing building development costs in New Zealand

dc.citation.issue3
dc.citation.volume7
dc.contributor.authorZhao L
dc.contributor.authorMbachu JIC
dc.contributor.authorDomingo N
dc.date.available29/06/2017
dc.date.issued29/06/2017
dc.description.abstractIdentification of costs drivers and their influence levels on building development costs plays a key role in the development of construction models and improve the efficiency and effectiveness of any project. Forty-five indicators influencing building development costs in New Zealand were explored by literature review and pilot interviews. These indicators were grouped into seven categories. The determination and ranking of the significant cost drivers were carried out through questionnaire survey distributed to key professionals working in New Zealand construction industry. Structural equation modeling (SEM) was used in analysing the empirical data. Findings showed that the property market, construction industry characteristics, statutory and regulatory, and socio-economic factors were major drivers of the building development cost trends in New Zealand. It was recommended that the ever-increasing building development costs and housing unaffordability in New Zealand could be significantly mitigated by addressing the identified factors.
dc.description.confidentialFALSE
dc.format.extent57 - 73 (16)
dc.identifierhttp://www.mdpi.com/2075-5309/7/3/57
dc.identifier10.3390/buildings7030057
dc.identifier.citationBuildings, 2017, 7 (3), pp. 57 - 73 (16)
dc.identifier.doi10.3390/buildings7030057
dc.identifier.elements-id358716
dc.identifier.harvestedMassey_Dark
dc.identifier.issn2075-5309
dc.identifier.urihttps://hdl.handle.net/10179/11516
dc.languageEnglish
dc.publisherMDPI AG
dc.publisher.urihttp://www.mdpi.com/2075-5309/7/3/57
dc.relation.isPartOfBuildings
dc.relation.urihttp://www.mdpi.com/2075-5309/7/3/57
dc.subject.anzsrc1201 Architecture
dc.subject.anzsrc1202 Building
dc.subject.anzsrc1203 Design Practice and Management
dc.titleExploratory factors influencing building development costs in New Zealand
dc.typeJournal article
pubs.notesNot known
pubs.organisational-group/Massey University
pubs.organisational-group/Massey University/College of Sciences
pubs.organisational-group/Massey University/College of Sciences/School of Built Environment
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