Knowing the true cost of building a home in Melbourne

The cost to build a new home in Melbourne is a concern for home buyers in any market, but 2022 is proving to be more challenging. Australia has not been immune to global supply chain issues and labour shortages creating unique challenges for home buyers wanting to build new.

Cost is determined by many different factors, including where you will live, the size of your home, and the type of block on which you will build. Keep reading to learn how much it will cost to build a new home in Melbourne, and where to turn to get the best deals.

Average land cost in Melbourne 2022

Without consulting with a builder or architect on a specific design for a block you plan to build on,  your costing will be an estimate only.  Your block of land will influence the price in many ways, including location, size, slope, and soil type, to name just a few. According toThe Urban Development Insitute of Australia’s 2022 State of the Land, the cost of land in Melbourne was just over $800 per sqm, significantly lower than Sydney’s $1200+.

Average new home building cost in Melbourne

An architecturally designed home will start at $3000 per sqm, and can rise to more than $5300 per sqm, which equates to $50,000 per Australian house square (9.29 sqm).

More traditionally built homes in Melbourne will go for a more modest $327,000, the average for Victoria in 2020. When budgeting for your new home, keep in mind that most average costs will not include architectural design elements, DA applications, site works such as retaining walls, or planning permits.

Use a building cost estimator and get into your new home faster

Construction cost estimators like Newin Building Estimating Services remove much of the hassle and uncertainty of new home builds, creating an excellent resource for overcoming the current spate of challenges. By using professional connections in the building industry and drawing on their decades of experience, Newin can help new home buyers more accurately estimate building costs and ensure their project remains on schedule. Call today to find out more.

Other useful links:

• Building Estimates for Builders
• Building Estimates for Architects and Interior Designers
• Building Estimates for Developers
• Building Estimates for Home Owners
• Outsource Building Cost Estimates Melbourne
• Construction Estimator Melbourne
• Quantity Surveyor Melbourne
• Quantity Surveyors Docklands
• Quantity Surveyors Footscray
• Quantity Surveyors Box Hill
• Quantity Surveyors West Melbourne
• Construction estimator South Melbourne
• Construction estimator Southbank