townhouse development cost sydney

Discussion in 'Investment Strategy' started by Jeng, 2nd Sep, 2021.

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  1. Jeng

    Jeng Member

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    11th Jun, 2018
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    Location:
    Sydney
    Looking at building 3 townhouses Sydney prices. 2m slope over building area (hence hefty earthworks) 180m2 per building. Do these numbers look right? Am I missing anything other than holding costs? Have I overestimated anywhere? Costing from various sources, none quoted. Looking at average standard finish.

    Land surveyor 2,800
    BASIX Certificate 2,100
    Geotechnical 4,000
    Aborist 1,000
    Landscape plan 1,500
    Storm water 3,300
    Drafting 25,000
    Town planner 6,600
    Demolition 18,000
    Interior design 10,000
    Subdivision cn 25,000
    Construction 1,255,000
    Earthworks 100,000
    Building permit 6,300
    Total 1,460,962

    Thanks.
     
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    Have you plucked these numbers from the sky or had them costed by a QS?
     
  3. Jeng

    Jeng Member

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    Some from the sky (earthworks), others from speaking to people and from costings on pages like hipages and cordells.
     
  4. Scott No Mates

    Scott No Mates Well-Known Member

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    Have a look at Bmtqs.com.au or other quantity surveyor site.
     
  5. Redom

    Redom Mortgage Broker Business Plus Member

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    Location:
    Sydney (Australia Wide)
    Looks pretty close. We are doing a couple similar and our final numbers look more like:
    - ~$1.2m build for around ~200-215sqm build areas each
    - ~$30k planning costs + ~$30k council fees

    Some of your planning costs seem a bit high (BASIX, survey, geotech (if required) & drafting - are all a bit higher than market rates for a project like this. Our costings are at about half)

    If strata titled, account for additional HWI costs for that the builder has to pay - it will be significant (~80k+).
     
  6. Jeng

    Jeng Member

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    thanks will do!
     
  7. Jeng

    Jeng Member

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    Posts:
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    Location:
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    thanks so much.I will review my schedule. I will be getting approval to subdviide but will not do so immediately.
     
  8. mkbonline

    mkbonline Well-Known Member

    Joined:
    8th Apr, 2019
    Posts:
    192
    Location:
    Kellyville, NSW
    I am in similar situation. Can I PM you?
     

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