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What were the actual versus forecast construction-cost reductions delivered by the Kāinga Ora Turnaround Plan to date, given the Kāinga Ora Expenditure Reductions saving in Budget 2026 relies on those reductions, and will the Minister release the underlying figures, if any, broken down by agency, department, Crown entity, company, or other organisation for which the Minister is responsible?

Answered Question 24309 (2026)
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Asked by

Kieran McAnulty

List MP · Labour Party

Question

  • What were the actual versus forecast construction-cost reductions delivered by the Kāinga Ora Turnaround Plan to date, given the Kāinga Ora Expenditure Reductions saving in Budget 2026 relies on those reductions, and will the Minister release the underlying figures, if any, broken down by agency, department, Crown entity, company, or other organisation for which the Minister is responsible?

Answered by

Hon Chris Bishop

Member for Hutt South · National Party · Minister of Housing

Answer

Kāinga Ora Homes and Communities advises me that prior to the Turnaround Plan (FY2023/24), construction costs were $3,473 per sqm. As at 30 March 2026, actual construction costs are $3,159 per sqm and Kainga Ora is forecasting to reach $2,980 per sqm by the end of this financial year.