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QLD - Any idea of this build cost?

Discussion in 'Development' started by Bran, 26th Sep, 2016.

  1. Bran

    Bran Well-Known Member

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  2. Magoo

    Magoo Well-Known Member

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    Around high 5's...
     
  3. Leo2413

    Leo2413 Well-Known Member Premium Member

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    450-500k taking some site costs into account, also depends on finishes and internal size. I'd be looking for a good builder who is used to this type of build . Anymore than 500k and you'd most likely be over capitalising for the area. Much slope in your block?
     
    Last edited: 26th Sep, 2016
  4. MTR

    MTR Well-Known Member Premium Member

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    One way of calculating the cost is too determine the size of the build, whether it is double storey or single and then work out how much builders charge per sqm.

    I believe Retirerich101 recently posted building costs for his recent project at around $1100 per sqm, that is very cheap, I would assume the specifications are very basic.

    High specification double storey in Melb could range anywhere from $1300-1500 per sqm, double storey. That would not include site works etc.

    The other option is to look at spec/project builders and costs of project homes to give you a ball point. I am not familiar with QLD builders etc. but this is how I would work it out.

    MTR:)
     
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  5. RetireRich101

    RetireRich101 Well-Known Member

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    The $1100 is for single level. double storey would be closer to the $1300

    For 450k build estimate, this will be $1800/m2...pretty high end pricing. The pictures in property are so photoshoped you can't really tell.
     
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  6. Bran

    Bran Well-Known Member

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    Heaps. About 8%, or 8m front to back. I forget which of the two
     
  7. Bran

    Bran Well-Known Member

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    Yah @MTR, I'm banking on 1300-1500/m2
     
  8. melbourne171

    melbourne171 Well-Known Member

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    It think the range above should be right.
     
  9. Leo2413

    Leo2413 Well-Known Member Premium Member

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    @Bran I agree that 1300-1500 should cover it, its just hard to know what specs they have put in from the pictures, but regardless for the area I wouldn't want to be going any more than that myself.
     
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  10. Leo2413

    Leo2413 Well-Known Member Premium Member

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    @Bran The building size says its 296sqm, so even if we take the highest dollar value for all the 296sqm then if its the 450k estimate it comes to approx. $1520/sqm. I've erred on the side of caution because of the slope which I know can add reasonable cost depending on the design, builder etc. But I think around the 1500 mark approx. would be reasonable for similar stock with slopage needing retaining walls, more complicated engineering etc, so obviously the 1500 takes some site costs into account.
     
    Last edited: 30th Sep, 2016
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  11. Bran

    Bran Well-Known Member

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    Thanks Leo

    I've got drawn up plans for the block, they just need to be a little updated (zoning as become more lenient I believe). There isn't a 20% margin in it yet, so whilst prices are moving I think its ok to sit tight with tenants in the existing house
     
  12. Bran

    Bran Well-Known Member

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    absolutely agree
     
  13. Leo2413

    Leo2413 Well-Known Member Premium Member

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    Could you do something like this? Would those numbers work for you? I don't know what you paid for the site though..

    29 Eyre Street, Mount Gravatt East, Qld 4122 - Property Details