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How much does it cost to build a house in Melbourne?
When considering how much it will cost to build a home in Melbourne, most new homeowners will struggle to come up with an accurate value. Most of the challenge lies in their inexperience, but there are also many variables to consider that may not be immediately obvious to people choosing to build.
Factors affecting building costs in Melbourne
In general, the cost of the Melbourne building project will come down to three main variables, which includes the size of the home, the quality of the fixtures, and how difficult it will be to construct.
Other considerations that can add or subtract value to the quote include site access, site condition, and the timeframe you have available.
We should go into a little more detail about how each of the above can dramatically affect the cost of building a house in Melbourne.
Size of the construction in Melbourne
It should be evident to everybody that size will significantly modify the cost of the home. Still, there are other factors related to proportions that can also affect the spending, especially if you are going for premium materials.
If you’re going up with multiple levels, you will also need to introduce cranes, scaffolding, and cherry pickers onto the site.
Larger sized homes may also require more time to build; otherwise, a bigger team will be needed to get it completed in the same timeframe. Either way, there will be extra labour costs, as well as logistical challenges when using more workers.
Quality of finishes
It’s only natural you will expect to pay more for a premium or luxurious finishes. However, higher-quality materials also demand experienced professionals for their installation, or you could risk
having your expensive marble countertops or slate floors damaged. Master craftsmen usually cost more per hour due to their extra years of training and experience.
Time to build
Building a new home in Melbourne can’t be rushed as it will only lead to costly mistakes. It’s essential to be aware that a larger team does not necessarily mean the job will go faster, as there is a certain amount of coordination and logistical planning involved. Larger teams run by an experienced project manager will naturally cost more. A sole builder will generally be cheaper, but the build will take much longer.
Average building costs in Melbourne
It’s impossible to pin down an accurate price without getting every detail about the build, but the following information should prove a useful guide.
A four-bedroom single-level weatherboard home on a level block will with medium quality finished will average between $217,00 and $264,000.*
A four-bedroom single-level brick-veneer home on a level block will with high-quality finishes average between $286,000 and $348,365.*
For sloping blocks with limited access, you should add 10% + GST, and landscaping will bump the price up a further 15% + GST.*
Please note that the above figures do not include the cost of the land.
(*) References:
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