Cost for new duplex

Phil
That may be the price for the shell, but if you were to include driveways, landscaping and all the rest we are finding building costs for a good finish townhouse is $1,050 to $1,100 per sq mt.

Multiply this by the total area including garages.

But there are lots of other costs to consider, not just the building cost.

Michael Yardney
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Hi Mike,

I am paying $850.00 sq/m inclusive and i am doing about 12 per month.

Regards Phil

Hi Toni,

I am doing a mixture of houses and duplexs plus whole sale land under put&call options direct to the public.

I’m what ever you want me to be … Phil

I am currently planning building 6 duplexes in Brisbane each duplex has a total floor of 150 sqm. I have just submitted the DA application for these on a res b site. We have met with the council and our submition complies with thier codes…so approcal is a mere formality.

The cost comes to $730 per sqm turn key…yes it includes everything at this price curtains, carpets, landscaping, driveways, stainlees steel appliances, etc

I spent 3 solid months looking for a good builder that could build for a competative price ( I do this for a living)

I also help other investors by sourcing development sites and project managing the development on thier behalf.

Regards

Sailesh

http://www.developersedge.com.au

130073 5934

The Builder I am using is a medium sized builder. He only works for developers and only builds low rise brick and tile houses.

This way he is able to turn over many homes in a short time. He is also on site supervising the work himself.

I have seen his work and it is of a high quality. In fact his completed homes sell faster when compared to other builders work.

There are even cheaper builders around however they have limitations in brick choice and standard inclusions are of a lower quality.

Therefore due to lower office overheads and a willingness to take on simple construction jobs he is able to deliver at a lower cost.

Unfortunately when it comes to double storey homes or townhouses I have to source other builders. This means these types of projects will have a higher build cost. So far from all the potential projects I have looked at none have matched these duplexes in terms of profitability due to the high construction cost.

Andrew, while I understand your scepicism I am confident in his abilities based on the research I have done so far.

Regards

Sailesh

http://www.developersedge.com.au

1300 73 5934

The builder is mid 40 and has building for a while now. He has also been working for medium sized developers who have a large land bank and are creating house and land packages. The majority of the homes are 4 bedroom low rise with the occassional duplexes.

These developers have been in this game for many years and have build hundreds of homes. My builder is one of several they use and most of the better priced homes are built by him. Some of the cheaper quality houses built by other builders take longer to sell.

I have seen him build several from ground up alredy and am amazed on how quick he is. He uses subcontractors to do work such as roofing, plastering, cementing, tiling, kitchens, etc Apart from this he has a small group that he employees to do the framing and other odd work.

He does work hard himself as he is always on site with a hammer in hand. He usually finishes at 3pm to take care of paperwork till 6pm everyday.

If he was not profitable I am sure his accountant would have told him by now.

Regards

Sailesh

http://www.developersedge.com.au

130073 5934

G’day all,

Great discusson.

$730 per sq m! Wow, haven’t seen costs this low in Sydney since my grandfather was building – well almost!

Sailesh, do you have any ‘tricks of the trade’ which you would like to share with us?
-innovative building techniques/materials
-negotiating techniques
-etc

Regards
archiZEN

Richard

There is a catch he works exclusively on the northside of Brisbane Cabolture, Redcliffe, Pine Rivers area and remember he will not touch complicated townhouse type projects. He will only build low rise brick and tile homes.

I agree with most comments on town houses costing around $1200 per sqm to build. We have looked at several possible projects around Brisbane and once you factor in all your costs including selling and GST you are barely making 14% and this is one of the main reasons why we will not embark on such a development. The second resaon is due to the level of risk associated with a large development like this. If however I came across a potential development site offering 30% return I may be tempted however we have a greater chances of seeing pigs fly before this happens.

We also have access to builders that will build a double storey home with lightweight materials for around $900 per sqm. This is especially useful for small lot inner city housing.

Regards,

Sailesh Channan

http://www.developersedge.com.au

“Helping you select, develop and profit from property”

1300 73 5934