All Topics / General Property / Feasibility Help

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  • Profile photo of kirbonavichkirbonavich
    Member
    @kirbonavich
    Join Date: 2012
    Post Count: 23

    Where does everyone get information in regards to construction costs? Builders? Surveyors etc? Preferably a website that doesn’t charge :)

    Profile photo of christianbchristianb
    Participant
    @christianb
    Join Date: 2009
    Post Count: 386

    David,

    BMT quantity surveyors have good information on pricing. Google them.
    Depending on what you are trying to measure, different feasibility formats are around.

    If it's a development project, the 3/3 theory is a good starting point:
    1/3 = acquisition, 1/3 = development costs, and 1/3 = margin.
    Buy for $500,000, develop for $500,000, end value of $1.5m.

    Profile photo of AnthonyBAnthonyB
    Participant
    @anthonyb
    Join Date: 2012
    Post Count: 18

    Hi David,

    Most estimators refer to construction cost guides like Rawlinsons http://www.rawlhouse.com/aust_construction_cost_guide.html

    Construction costs are continually changing as a result of a couple of factors – labour costs, availability of materials, weather patterns etc. Depending on what you're looking to build we have a free construction cost calculator available on our website that will give you an indication as to the potential cost of the project. Have a look at http://www.bmtqs.com.au/ConstructionCostCalculator.aspx 

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    Profile photo of kirbonavichkirbonavich
    Member
    @kirbonavich
    Join Date: 2012
    Post Count: 23

    Thanks very much guys, appreciate it.

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