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How Much Does It Cost to Build a House?
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How much does it cost to build a house?
00:00 How Much Does It Cost to Build a House?
00:29 1. What’s The Cheapest You Can Build A House For?
00:58 2. What’s The Actual Cost To Build A House Per Square Meter?
03:05 3. What Are Some Extra Costs You Need To Take Into Account?
According to The Urban Development Institute of Australia’s 2018 State of the Land Report, in 2017, Sydney’s median lot price was $476,000, Melbourne’s was $281,000, and Adelaide’s was $167,000.
The national average cost of land was $746 per sqm.
Average cost of building a home
The cost of building is influenced by many factors, but in June 2018, the Australian average was $1270.80 per sqm, according to the Australian Bureau of Statistics (ABS).
However, this figure doesn’t include design, planning permits, any site works or any cost blow-outs.
According to ABS June 2018 Buildings Approvals data, the average dwelling in Australia spans 251.7sqm, which puts the cost for the build portion at just under $320,000.
The cost to build a home is influenced by five key factors:
size
quality
site considerations
desired timeframe
complexity
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