3 story construction cost

Discussion in 'Development' started by Luke C, 3rd Aug, 2015.

Join Australia's most dynamic and respected property investment community
  1. Luke C

    Luke C Member

    Joined:
    6th Jul, 2015
    Posts:
    9
    Location:
    Gold Coast
    HI All,

    I want to know how to estimate the costs of development projects like the one added below.
    I would think that the best way would clearly be to approach a private builder, but would like to know how others estimate cost like this one.

    Considering a high end finish in Brisbane is around $1600p/m2 for a project like this one would believe it would be higher than this again. And once the build cost is calculated clearly add the civil and other costs associated with the development process.

    When working this out if I use a high figure of say $2000p/m2, would I apply this to the car park area as well or will it be best to replace $2000p/m2 with a different figure in for that space.

    Super excited to hear all replies,
    Cheers,

    Luke
     

    Attached Files:

  2. Big Daddy

    Big Daddy Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    998
    Location:
    Perth
    I think a surface car bay is about2k per bay from memory
    Sub surface (one floor down) is $15k per bay?
    Sub surface (one floor down) if you hit the water table is $80k per bay?
     
  3. Aaron Sice

    Aaron Sice Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,588
    Location:
    Ocean Reef, WA
    i'd hazard a guess at about $2700sqm in Bris - maybe higher due to the fact that everyone is building.
     
  4. XtraFL

    XtraFL Member

    Joined:
    19th Jun, 2015
    Posts:
    24
    Location:
    Melbourne
    Too hard to go from simple plans like this. Best to talk to a few builders to get an idea.
    But $2000 excluding carpark areas seems very, very low.