Listed Price vs Final Price

Discussion in 'Property Market Economics' started by KTJH, 2nd Mar, 2021.

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  1. KTJH

    KTJH Well-Known Member

    Joined:
    14th Dec, 2020
    Posts:
    49
    Location:
    Sydney
    I'm currently on the lookout for a new build so I've been in contact with a few developers.
    After receiving the brochure of the price breakdown, I tend to go back on Realestate and search for mock-up new builds by the same land vendor, and their prices seem to always be $20-40k lower.

    Is this a form of clickbait to underquote a new build or am I being ripped off by a developer?

    Apologies I am still very new to the world of IPs. From my understanding, I will be doing 2 separate contracts - 1 for the land settlement and 1 for the builder.
    I'm just curious as to how to benchmark a good quality build at a good price?
     
    Last edited: 2nd Mar, 2021
    KTJH, 2nd Mar, 2021
    #1
  2. Lindsay_W

    Lindsay_W Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    5,065
    Location:
    QLD/Australia Wide
    Different builders charge different rates and also depends on what's included in the total build cost, unless you can see the build contract on Real Estate you don't know what's what and if you're comparing apples to oranges.
     
    Last edited: 2nd Mar, 2021
    Lindsay_W, 2nd Mar, 2021
    #2
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