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What is the approx cost of construction?

Discussion in 'Development' started by Jamestangjjj, 27th Jul, 2015.

  1. Jamestangjjj

    Jamestangjjj Member

    Joined:
    27th Jul, 2015
    Posts:
    24
    Location:
    Sydney
    Hello all,
    quite a newbie here so please help me out.
    still not very confident in property development but have a great interest in it.
    I have a piece of land for building a duplex. Is for living in one side and the other for investment.
    I havent approach a builder broker and still investigating how much it will cost to build a duplex.
    Fully understand that the construction costs varies depending on finishes.
    I would like to get some insight as to how much approx a duplex costs.
    For example:
    Basic specification
    - two storey
    - 4 bedroom
    - 2 bathroom
    - 1 kitchen
    - 1 living area
    - 1 laundry
    What is the typical cost for (i) Low spec (ii) medium spec & (iii) high spec

    I cannot find any information on the internet and would like your help,

    thanks
     
  2. Beelzebub

    Beelzebub Well-Known Member

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    Location:
    Lost
    These guys might help with a ball park starting figure. http://dixonhomes.com.au/home-designs.php

    No idea of whether these guys are any good. They just have heaps of build options with prices attached.
     
  3. Be Developer

    Be Developer Property Developer Business Member

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    Location:
    Australia
    @Jamestangjjj

    If in Sydney, you looking at

    Around $650-$700k for project home builder duplex.

    High end, based on location and $$$$$ you chasing for anything from $750k to $1m.


    Inc cost of demo,utilities, drive way, landscaping, etc
     
  4. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

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    Location:
    Sydney
    Turnkey = sqm x $1,600
     
  5. Jamestangjjj

    Jamestangjjj Member

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    Location:
    Sydney
    cool thanks i will have a look at there options
     
  6. Jamestangjjj

    Jamestangjjj Member

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    Location:
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    tx Be developer . yes in sydney. what do you mean by project home builder duplex?

    and why did you say based on location will have a price impact?
     
  7. Jamestangjjj

    Jamestangjjj Member

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    Location:
    Sydney
    tx Shahin. so what do you mean by turnkey? and what is a typical duplex in total sqm?
     
  8. Be Developer

    Be Developer Property Developer Business Member

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    Volume builder like...lily homes, champion homes, Masterson etc.

    Re: Price impact.

    Lets say, you building in Penrith, you may get away with low to mid finish.

    If oatly/caringbah south, you need to build according to market demands and may end up costing you approx $800k plus.
     
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  9. MyArhidia

    MyArhidia New Member

    Joined:
    21st Jul, 2015
    Posts:
    3
    Location:
    Sydney, NSW, Australia
    Another way to get a ball park is to search the public records of DA applications at the relavent council. As an example, I noticed a demolition in progress a couple streets away of where I live. The DA application submitted to council is for a duplex with construction costs of $950k.