2. You have finally saved up and are ready to build your dream home, but the question is, what is it going to cost? On average in 2021 to have your
dream home built in Australia is approximately $320,000. This figure will depend on a variety of factors. This can be where the home is located,
the cost and size of the block your builder Macedon Ranges build it on, finishes, and more.
The average cost of building your home
Although the cost of building your dream home is influenced by many factors, on average in 2020, according to the Australian Bureau of Statistics
(ABS) was $1393.55 per sqm. This figure did not include planning permits, any cost blow-outs, design, or any site works.
According to the ABS Building Approval data, the average home in Australia was 229.8 sqm so that would put the cost at $320,238. For a home
builder Macedon Ranges architecturally designed house, they start at a minimum of $3,000 per sqm up to $5,382 per sqm. For a 9.29 sqm, it
would be $50,000.
3. The reason that the price is higher for an architecturally designed house is that each one being a one-off prototype. No two requirements, clients,
or sites are the same.
A state-by-state average cost of building a home
New South Wales--$349,000
Queensland--$289,000
Victoria--$327,000
Western Australia--$298,000
South Australia--$275,000
Northern Territory--$365,000
Tasmania--$285,000
Australian Capital Territory--$440,000
Cost of land
This is one of the first things that you should consider when thinking about having a home builder Macedon Ranges. The land that it is going to sit
on will vary from state to state. In 2020, according to The Urban Development Institute of Australia, the median lot price in Sydney was
$495,000, Adelaide was $183,460, and in Melbourne, it was $319,000.
In Melbourne the average per sqm was $819, Sydney was $1285 per sqm, and $400 per sqm Adelaide.
4. As mentioned, there are other factors that can affect building costs, which include these key factors.
Quality
Size
Desired timeframe
Site considerations
Complexity
If you have a home renovation macedon ranges build you a home with more bedrooms than was on the plan, it is going to require more
materials, and labor. If you have higher quality material used that is going to add an expense. There are the permits, the condition of the terrain,
and land because if it is not up to where it should be, then there is going to be another expense to get it up to code.
Conclusion
Many of these costs can be managed by you but if you have to reduce the costs, you can always upgrade later. One example is that later you could
upgrade your doors or maybe the floor. One thing that you should not compromise is the quality of the foundations. You cannot later upgrade the
foundation as the house is already sitting on it. You can help to prevent blow-out costs by not changing the plans in the middle of the build.