Batman: Thanks. In terms of building cost, how does plaster compare with brick and timber?
Certainly more expensive as there are more steps involved - typically brick and timber is a wrapped timber frame, with a footing on the slab edge for the bricks, which are tied back to the framing. Our construction was 140mm timber framing, covered with RAB Board for bracing and watertightness, which was then clad in 50mm AAC panels (2200x600), which is plastered with several layers of render and fibreglass mesh and then painted with proprietary paints.
So I can't give you a percentage figure in terms of comparison, but I can tell you that the cladding of our house was the single biggest expense after the builders labour and materials.