Build costs Townhouses in Melbourne western suburbs

Hi All - I spoke to a builder recently and he gave me these estimate figures- just want a sanity check if you have actually built in Melbourne you would know?

1000 sqm block in growth zone - expect 6-7 Townhouses to be approved based on close by developments.

Approvals process to cost approx $70-$80K including design / engineering etc - to build stage

Expected build cost per townhouse $130K ( 2 bedroom ) and $150K ( 3 bedroom ) - low - medium quality build required.

Does this sound right ?

 

Try this calculator, although the price range comes out much higher:

Construction Cost Calculator & App | BMT Tax Depreciation

$238k to $290k for 3 br single-level townhouse, brick veneer, melbourne, low finish 170 sqm

There are other calculators available. Google is your friend.

Note - Seems high compared to what it cost me to build my 320sqm 2-level PPOR in Sydney in 2013 ( $320k base cost, turnkey ).

 

Dependent on the spec, assume lower/medium spec, I would be working on around 1200-1300 per sqm

 

It sounds right to me based on a basic spec and single storey but probably doesn't include all of:

Landscaping
civil works (drainage and driveway/crossovers)
Subdivision (elec, water and titles office)
Post permit consultancy (survey and pm if required)


I am spending $300k on 2 X 3 bed units turnkey. Still have to pay consult, some landscape and all authority costs, builder includes all infra.

 

THat seems like a good price assuming the size is right and it is turn key.

 

Thanks all for the replies much appreciate it.

 

Hi Cactus,

Do you have any info about your build you can send over? Rates/Program?

Best