What are build costs in Melbourne today

Discussion in 'Development' started by MTR, 22nd Nov, 2018.

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  1. MTR

    MTR Well-Known Member

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    Hi All
    Can anyone who develops in Melbourne advise on what build costs are todsy.

    In 2016 we were looking at around $1500 per sqm today I have no idea??

    Thanks in advance

    MTR
     
    MTR, 22nd Nov, 2018
    #1
  2. Silverson

    Silverson Well-Known Member

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    Not great, a side by side development, medium finishes totalling 32sq ~800k exc gst.

    I would go as far as saying 50% of feasos I've come across of late are losing money from day dot.

    High land cost, high build cost, soft falling market = music stopping and not enough chairs.

    Are you looking to buy/build in Melb again @MTR ?
     
    Silverson, 22nd Nov, 2018
    #2
  3. Keentolearn77

    Keentolearn77 Well-Known Member

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    Recent quotes - mine are kicking out at approx 17-18k per square
     
    Keentolearn77, 24th Nov, 2018
    #3
  4. MTR

    MTR Well-Known Member

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    Thx everyone
     
    MTR, 24th Nov, 2018
    #4
  5. JHC

    JHC Member

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    $1,500 per sqm is still possible for a very low quality build
     
    JHC, 27th Nov, 2018
    #5
  6. CBM

    CBM New Member

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    Our builder is 16K per square
     
    CBM, 6th Dec, 2018
    #6
  7. KinG3o0o

    KinG3o0o Well-Known Member

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    16k per square metre on 280m house is over 4m ?

    cannot be right.
     
    KinG3o0o, 6th Dec, 2018
    #7
  8. wylie

    wylie Moderator Staff Member

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    "Square metre" is different to "square".
     
    wylie, 6th Dec, 2018
    #8
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  9. Tufan Chakir

    Tufan Chakir Well-Known Member

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    1 Square = 10ft x 10ft
    old speak, but still used eg. "how many squares?" as opposed to "how many square metres?"
     
    Tufan Chakir, 7th Dec, 2018
    #9
  10. Aaron Sice

    Aaron Sice Well-Known Member

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    Aaron Sice, 7th Dec, 2018
    #10
    BMT Tax Depreciation and Sackie like this.
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