Construction Costs Per Square Metre

The table below details the approximate Construction Costs per square metre to build a property in Sydney. Other major cities can be calculated using the Regional Variations table located further down the page.

Construction Type Level of Finish
House Low Medium High
3br brick veneer project home, level block, single level, shelf design $1,065 $1,270 $1,630
3br full brick project home, level block, single level, shelf design $1,090 $1,305 $1,670
4br brick veneer home, level block, single level, unique design $1,570 $1,750 $1,950
4br full brick home, level block, single level, unique design $1,640 $1,810 $2,010
3br brick veneer project home, level block, two level, shelf design $1,110 $1,310 $1,710
3br full brick project home, level block, two level, shelf design $1,130 $1,400 $1,790
4br brick veneer home, level block, two level, unique design $1,700 $1,900 $2,050
4br full brick home, level block, two level, unique design $1,780 $1,970 $2,250
Architecturally designed executive residence $2,160 $3,250 $5,050
Townhouse
2br, single level brick veneer townhouse, including allowance for common property $1,250 $1,490 $1,740
2br, 2 level brick veneer townhouse, including allowance for common property $1,350 $1,580 $1,900
3br, single level brick veneer townhouse, including allowance for common property $1,235 $1,475 $1,725
3br, 2 level brick veneer townhouse, including allowance for common property $1,340 $1,610 $2,270
Units
3 level walk-up unit complex, concrete structure, ground floor parking $1,650 $1,820 $2,320
3 level walk-up unit complex, concrete structure, basement parking $1,615 $1,785 $2,285
4-8 level walk-up unit complex, concrete structure, ground floor parking $1,720 $1,950 $2,650
4-8 level walk-up unit complex, concrete structure, basement parking $1,650 $1,920 $2,615
8 or more level unit complex, including lift and basement car parking $1,710 $2,280 $3,030
Commercial
1-4 level open plan offices, including A/C & lifts, excluding fit out $1,480 $1,760 $2,290
4-8 level open plan offices, including A/C & lifts, excluding fit out $1,620 $1,850 $2,400
8 levels and over, including A/C & lifts, excluding fit out $1,880 $2,064 $2,770
Industrial
High Bay Warehouse, standard config, concrete floor, metal clad $810 $885 $980
High Bay Warehouse, standard config, concrete floor, pre-cast concrete wall clad $1,050 $1,110 $1,20
Retail
Suburban shopping mall area including A/C $1,590 $1,810 $2,100
Supermarket, including A/C, excluding fit out $1,380 $1,500 $1,670
Hotels/Motels
Single level boutique motel, including A/C, guest facilities $2,650 $3,200 $4,500
Single level tavern/hotel, including A/C, excluding loose item fit out $1,980 $2,350 $2,650

The above rates are exclusive of GST.

Regional Variations
Cairns 115 – 130%
Brisbane 105 – 115%
Sydney 100%
Canberra 96 – 104%
Melbourne 98 – 108%
Hobart 87 – 97%
Adelaide 98 – 110%
Perth 100 – 120%
Darwin 110 – 120%

If your development is not located in Sydney, you can still estimate the construction cost of a development by applying a regional variation percentage. Simply multiply the construction cost by the regional variation percentage. This will give you an approximate cost for the construction type per square metre in your area. Mortgage House would like to thank BMT Quantity Surveyors for providing this information.

What are the building cost per square metre in 2017?

Building a new home, either to live in yourself or as an investment, can be both exciting and daunting. While the chance to build the home you love from the ground up is always a big attraction, the organisation and management involved in bringing everything together just the way you want it can be stressful. At the end of the day, the biggest influence on most of your home building decisions is cost. House and land packages can be one of the most affordable ways to own a home, and knowing what to expect from the start with all residential constructions is important. That’s where knowing how much you can expect to pay per square metre to build a home can be a big advantage. If you are building a home to live in, you want to know you are not getting ripped off. If you are building an investment property, having information such as that accessed through the above link can help you make proactive investment decisions. Approximate costs per square metre can vary depending on where you live and what type of home you are building. Use the information accessed through the above link  as a guide to understand what your costs may be.

How much does it cost to build a house per square meter?

There are a lot of different variables when working out how much it costs to build a house per square metre. The most obvious one is the quality of the home you build. Higher quality fittings such as benchtops, floors, and furnishings can add cost to your build. So can the materials you use to build the home out of. As a general rule, full brick homes can be more expensive than brick veneer homes. Cheaper building materials can also reduce the square-metre cost. As you can see from the table above we have set three different approximate prices for three different levels of finishes, to give you an indication of the different costs.

Size of the home can also change the amount it costs to build. Double-storey homes usually increase the square-metre costs, because of things such as stair cases, and extra tradie materials such as scaffolding. An increase in size from four to five bedrooms doesn’t usually result in a large jump in the square metre cost of construction, given most four-bedroom homes are built with a study or minor other room. There is, however, generally an increase in the square-metre cost of building a four bedroom home compared to a three bedroom home. This can mostly be put down to the fact that the extra bedroom usually comes with an extra bathroom in the home, and an extra living space.

construction costs

What other variables can effect building cost per m²?

Location can also play a part when it comes to understanding building costs per square metre. Each state and territory has its own taxes and fees, and tradies from different states can also have different levels of compliance costs. The price of land can also be a big factor. Obviously if demand for land is high in some suburbs, costs can escalate. Also, if the land itself is difficult to build on, construction costs can increase. And, of course, choosing a project home builder compared to a custom builder can also affect the square metre cost of building a home.

What can a building-cost-per-square-metre calculator show me?

Building cost calculators such as this one, can help you work out the cost of building your home.  They generally have lots of property types to choose from, and when you choose the nearest capital city, quality of build and size of the property, you will receive a minimum and maximum cost estimate. It is important to realise these figures are purely a guide, and it is always a good idea to get independent detailed advice.

Does Mortgage House have a loan to help me with the cost of building a house?

Whatever the cost of building your home, a Mortgage House construction mortgage can help you realise your property dreams. The main feature of a construction mortgage is that funds will be paid to you in drawdowns, as agreed construction phases finish. This means you only pay interest on the portion of the loan you have used. You can also make interest-only payments for the land portion of a house and land package before and during the construction process.

How much does it cost to build a house Australia?

As we mentioned before, the square metre cost of building a home can vary in different locations. And that is certainly the case for different parts of Australia. While our construction rates above focus on the cost of building a property in Sydney, you can estimate the cost of building in your city by applying the relevant regional variation percentage from the bottom table.