Average cost of an average house build in an average area?
Mar 28th 2005, 9:04 pm
#1
Australia's Doorman
Thread Starter
Joined: Jan 2005
Location: The Shoalhaven, New South Wales, Australia
Posts: 11,056
Average cost of an average house build in an average area?
My parents (happily living back in NSW after 40 years over here) have been sending me real estate literature regularly, including approved building plots. One of these plots includes permission for two houses - so the thought occured to me - why not build two houses (economies of scale, use of same builders etc) on the land and earn a few dollars in the process. So I was just wondering if anyone had a ball-park figure for a bog-standard 4 bedroom home. Doesn't have to be anything precise since this is just a 'what if' scenario - but some vague idea of cost would be nice. 
Mar 28th 2005, 9:55 pm
#2
Lost in BE Cyberspace
Joined: May 2004
Location: Birkdale QLD
Posts: 7,642
Re: Average cost of an average house build in an average area?
Originally Posted by Hutch
My parents (happily living back in NSW after 40 years over here) have been sending me real estate literature regularly, including approved building plots. One of these plots includes permission for two houses - so the thought occured to me - why not build two houses (economies of scale, use of same builders etc) on the land and earn a few dollars in the process. So I was just wondering if anyone had a ball-park figure for a bog-standard 4 bedroom home. Doesn't have to be anything precise since this is just a 'what if' scenario - but some vague idea of cost would be nice.
I don't know if you'd make much in the current housing price climate, you'd have to do the maths and stick to the limit you set yourself when bidding on the house, and of course factor in unexpected extras.
Also alot of the ones you'd be bidding against would be builders, who could get mates rates, so they could bid higher than you for the property yet still make a profit.
Cheers,
JTL
Last edited by JackTheLad; Mar 28th 2005 at 9:58 pm.
Mar 28th 2005, 10:01 pm
#3
Lost in BE Cyberspace
Joined: Nov 2003
Location: Scotland
Posts: 7,949
Re: Average cost of an average house build in an average area?
New builds used to be quoted in $x per square (100 sq ft in pre-metric days with 20 squares plus being on the larger side of average).
I dare say others on the ground can quote typical figures these days (?) Are you also looking for an average builder using average priced materials in an average priced state on a site an average distance for deliveries with average access to the blocks and average weather when building construction takes place?
OzTennis
I dare say others on the ground can quote typical figures these days (?) Are you also looking for an average builder using average priced materials in an average priced state on a site an average distance for deliveries with average access to the blocks and average weather when building construction takes place?
OzTennis
Mar 28th 2005, 11:07 pm
#4
Joined: Dec 2003
Posts: 7,834
Re: Average cost of an average house build in an average area?
our 4 bed house in Qld is costing just under $200,000, as we were quoted 161 days from start to finish.....that incluses weekends and bad weather days public hols etc
Mar 28th 2005, 11:31 pm
#5
Banned
Joined: Feb 2005
Posts: 2,551
Re: Average cost of an average house build in an average area?
Originally Posted by Hutch
My parents (happily living back in NSW after 40 years over here) have been sending me real estate literature regularly, including approved building plots. One of these plots includes permission for two houses - so the thought occured to me - why not build two houses (economies of scale, use of same builders etc) on the land and earn a few dollars in the process. So I was just wondering if anyone had a ball-park figure for a bog-standard 4 bedroom home. Doesn't have to be anything precise since this is just a 'what if' scenario - but some vague idea of cost would be nice.
