All Topics / Help Needed! / Building costs

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  • Profile photo of benofbrisbanebenofbrisbane
    Participant
    @benofbrisbane
    Join Date: 2007
    Post Count: 62
    March 30, 2007 - 12:03 am

    Hi everyone,

    I am new to the site and have already learnt a great deal reading through the forums. I am looking to do something in IP in the next twelve months or so.

    Something which I interested in doing to buying a 'splitter' block and putting up two brick and tile jobs to sell.

    My question relates to buidling costs, I have looked around on the web (I know I should be picking up the phone and speaking to people, but want to get a few more facts before I do it) and some builders have building costs on their website eg Dixon Home

    They mention there the lowest cost per sqm for places. I am just wondering how realistic these prices are or if they are realistic at all. I understand that there will be a percentage that will needed to be added on to this to work out how much it might cost, just wondering if anyone has a ball park figure out there? Any other helpful information would be greatly appreciated. Obviously a lot more work to be done but if I can get some ball park figures at least I can start doing some sums!

    Thanks everyone. I look forward to participating in the forum.

    Cheers,

    Ben

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763
    March 30, 2007 - 12:13 am

    Hi Ben,

    Thanks for your post and welcome to the forums. It’s great to see you here!

    Building costs are quite subjective, with the final price varying substantially depending on:

    1. The location and availability of trades
    2. The type of construction
    3. Size of dwelling
    4. The ease of building
    5. Weather conditions
    6. Builder’s margin

    As you would expect, large spec home builders have tradespeople employed and therefore are able to build faster and cheaper than abuilder who uses sub-contractors.

    Generally, build costs are quoted either on a ‘sqaure’ or ‘square metre basis’. As a rule they do not include finishing costs (driveways, fencing, landscaping etc) or appliances.

    Also, watch out for GST. A lot of builders quote on a + GST basis.

    In the case of Dixon… I would want to do more research on what is and is not included. Often cheaper prices are quoted for base products but any variations or changes come at top dollar.

    Cheers,

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

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