The Construction Cost Table below is a useful guide to the cost of construction for houses and townhouses.
Choose your level of Finish e.g. Low, Medium or High and then multiply by the size choosing from the options you are interested in to find the approximate cost per square meter.
Finishes:
Low: Basic Construction, minimal fixtures and fittings
Medium: Quality construction, modern conveniences and fittings
High: Top quality and luxury fittings
 House |
Low | Medium | High |
|---|---|---|---|
| 4br Brick veneer home, level block, single level, unique design | $1,758 | $1,848 | $2,356 |
| 4br Full brick home, level block, single level, unique design | $1,938 | $2,242 | $2,451 |
| 4br Brick veneer home, level block, two level, unique design | $1,843 | $2,005 | $2,280 |
| 4br Full brick home, level block, two level, unique design | $1,815 | $1,986 | $2,261 |
| Architecturally designed executive residence | $2,641 | $3,449 | $4,921 |
 Townhouse |
Low | Medium | High |
| 2br Single level brick veneer townhouse, including allowance for common property | $1,772 | $2,043 | $2,328 |
| 2br 2 level brick veneer townhouse, including allowance for common property | $1,824 | $2,081 | $2,451 |
| 3br Single level brick veneer townhouse, including allowance for common property | $1,753 | $2,024 | $2,299 |
| 3br 2 level brick veneer townhouse, including allowance for common property | $1,805 | $2,138 | $2,461 |
The costs provided are an average price for typical buildings, allowing for preliminaries, builders profit and overheads. Estimated building costs only provide an indicative value of the likely cost of building within that category. While a single rate does provide a reasonable guide in many instances it should not be relied on to set a declared value or sum insured for a building. It should be regarded as a reasonable test only. There are a vast many factors which can influence the true replacement value of building.
Please note that the building cost rates do not include allowance for the following:
- Access
- Demolition
- External services outside 3 metres,
- External structures, i.e. balconies, verandahs, covered ways, carports, garages
- Furniture and furnishings
- Landscaping
- Driveway
- Goods and Services Tax (GST)
- Heritage issues
- Hoardings
- Lead time for demolition, design, approvals, tender and rebuilding
- Legal and professional fees
- Loose or special equipment
- Plant and equipment not an integral part of the building
- Regional locations
- Site conditions
- Special design features
- Special fixtures, fittings, finishes
- Zoning restrictions
Feel free to contact us for further information.