In March 2024, the NSW Department of Planning changed the way development costs are calculated for planning purposes. Outlined in circular PS25-004, the changes replaced the methodology for the calculation of "Capital Investment Value (CIV)" and "Estimated Cost of Development" with a new single methodology called "the Estimated Development Cost" (EDC). An Estimated Development Cost Report in New South Wales (NSW) is a document prepared as part of a development application (DA

NSW residential construction costs continues to remain elevated in 2026 following several years of significant volatility across the construction industry. Whilst some material pricing and supply pressures have stabilised compared to the peak COVID and post-COVID years, construction costs generally remain high due to ongoing labour shortages, compliance requirements, subcontractor demand and broader economic pressures. At CPP Quantity Surveyors, we continue to see constructio