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  1. #21
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    Quote Originally Posted by singa06 View Post
    Thanks all.
    BTW, on the topic of real estate, does anyone know how much it is roughly to build a house?? Land is expensive and hard to come by, but at least you build what you want!
    I think about 1500sqm is a decent rough guide?

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    Quote Originally Posted by NancyBlackett View Post
    I think about 1500sqm is a decent rough guide?
    A 40sq house converts to approx 375sqm.

    I'm not sure if your referring to land size but an average suburban block of land would be around the 650sqm mark depending on location of course.

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    Quote Originally Posted by 2Bboys View Post
    We are currently building a 4br 40sq (decent size) house at a cost of $350k. This includes all internal flooring, driveway, colour bond roof & rendered finish.

    Not included is fencing, landscaping, window coverings, fly screens & air con.

    You can certainly build much cheaper than this or much more expensive depending on size, inclusions & finishes.

    Be careful when you look at quoted 'base prices'. You usually need to add on around $60k to these figures to finish the house completely.
    Thanks for that. If we did build, it would be 25-30sq max.

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    Quote Originally Posted by 2Bboys View Post
    A 40sq house converts to approx 375sqm.

    I'm not sure if your referring to land size but an average suburban block of land would be around the 650sqm mark depending on location of course.
    No, I meant it costs $1500 per square metre to build or extend on average. Sometime it can be less, but generally not less than $1000 per square metre.

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    Ok I'm with you now Nancy.

    I was a bit confused.

    And yes completely agree with you $1500 for a quality high spec finish. $1000 for a lower grade finish.

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    Sorry I didn't realise I had left the dollar sign out!

  7. #27
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    If you were to build and are looking at 25 - 30sq you will be looking at around $450k at least. I have also been in construction for over 3 years and in the south eastern suburbs of melbourne you are looking at $210,000 plus for a smallish block in a new estate (and trust me there is no land shortage at the moment) and a minimum of around $165k for a basic 25sq house and I mean basic with no upgrades, no floor coverings, site costs etc...... BUT the big plus is you will save mega bucks on stamp duty as you only pay stamps based on land value plus everything is brand new you have your 7 year warranty etc....

  8. #28
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    Thanks for that. I saw land for $360K in the area I like! So adding a house (plus the curtains, landscape etc) will make it more like $600K in total, which is what a brand new house would approx go for (maybe more).


 

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