Here’s Exactly How much does it Cost to Build a House in Australia 2023?
Before we dive into the specifics, it’s important to note that the cost of building a house can vary greatly depending on some prime factors. These are the location, materials used, and the size and architectural complexity of the project. That being said, we’ll provide you with a general idea of what to expect when it comes to building a house in regional or prime cities So exactly ‘how much does it Cost to Build a House in Australia’?
The first factor to consider when determining the cost of building a house is the type of house you want to build. The different types of houses range differently. The general houses that people prefer include single-family homes (single-storey houses), townhouses, and custom houses. The actual cost of building each type of house can vary significantly based on the land/plot pricing as well.
| According to Metricon, a single-storey house cost starts from A$218,900 in Melbourne. Double storey/townhouse would be A$344,400 (at an initial point). |
The Average Cost to Build a New House in Australia – State & Territory-Wise
| State | Prices In 2019 | Prices Rose By 23.7% In 2021 |
| Victoria | $327,000 | $404,499 |
| SA | $275,000 | $340,175 |
| WA | $298,000 | $368,626 |
| Tasmania | $285,000 | $352,545 |
| NSW | $349,000 | $431,713 |
| ACT | $440,000 | $544,280 |
| NT | $365,000 | $451,505 |
| Queensland | $289,000 | $357,493 |
A Quick Specification On General Type Of Houses & Their Costs
Single-family Houses
Single-family homes are typically the most expensive to build. The average cost of building a single-family home in 2021 ranged between $340K to over $544K. This cost includes the cost of materials, labor, stamp duty, and other expenses such as permits and fees.
A Townhouse
Townhouses are generally less expensive to build than single-family homes. The average cost of building a townhouse is around $200,000 in regional areas; to $500,000 in primary suburbs of Sydney and Melbourne-like cities.
Factors That Affect The Cost Of Building a House
Location
The next factor to consider when determining the cost of building a house is the location. Building costs can vary greatly depending on where you live. For example, building a house in a rural area may be less expensive than building a house in a city.
Material Used
Another factor to consider when determining the cost of building a house is the materials used. The cost of building materials can vary greatly depending on the type of materials used. For example, building a house with brick will be more expensive than building a house with wood.
Overall Size & Architectural Design
The size and complexity of the project are also important factors to consider when determining the cost of building a house. Building a larger, more complex house will typically be more expensive than building a smaller, simpler house.
In addition to the factors mentioned above, there are several other expenses that can contribute to the overall cost of building a house. These expenses can include permits and fees, land preparation, and landscaping.
Conclusion On Exactly How much does it Cost to Build a House in Australia
The cost of building a house can vary greatly depending on several factors. As mentioned above the type of house, location, materials used, and the size and complexity of the project. We hope that this quick info guide gave you an estimation for planning your very first house in Australia.
Also, get to know:
- Types Of Houses In Australia and Their Average Prices (Publishing Soon)
- Start a Real Estate Business
