Construction Costs Per Square Metre

The table below details the approximate Construction Costs per square metre to build a property in Sydney. Other major cities can be calculated using the Regional Variations table located further down the page.

Your Mortgage House Lending Specialistcan assist you with finding a Construction Loan that best suits your needs, including interest only mortgage repayments during the construction stage.

Construction Type	Level of Finish
House	Low	Medium	High
3br brick veneer project home, level block, single level, shelf design	$980	$1,250	$1,580
3br full brick project home, level block, single level, shelf design	$1,010	$1,320	$1,620
4br brick veneer home, level block, single level, unique design	$1,520	$1,750	$1,835
4br full brick home, level block, single level, unique design	$1,595	$1,810	$1,952
3br brick veneer project home, level block, two level, shelf design	$1,029	$1,310	$1,660
3br full brick project home, level block, two level, shelf design	$1,060	$1,380	$1,710
4br brick veneer home, level block, two level, unique design	$1,590	$1,830	$1,925
4br full brick home, level block, two level, unique design	$1,670	$1,910	$2,050
Architecturally designed executive residence	$2,100	$3,250	$4,900
Townhouse
2br, single level brick veneer townhouse, including allowance for common property	$950	$1,220	$1,510
2br, 2 level brick veneer townhouse, including allowance for common property	$1,150	$1,320	$1,655
3br, single level brick veneer townhouse, including allowance for common property	$940	$1,210	$1,500
3br, 2 level brick veneer townhouse, including allowance for common property	$1,260	$1,480	$2,200
Units
3 level walk-up unit complex, concrete structure, ground floor parking	$1,420	$1,700	$2,200
3 level walk-up unit complex, concrete structure, basement parking	$1,510	$1,780	$2,250
4-8 level walk-up unit complex, concrete structure, ground floor parking	$1,550	$1,820	$2,370
4-8 level walk-up unit complex, concrete structure, basement parking	$1,650	$1,920	$2,480
8 or more level unit complex, including lift and basement car parking	$1,710	$1,970	$2,940
Commercial
1-4 level open plan offices, including A/C & lifts, excluding fit out	$1,280	$1,510	$2,224
4-8 level open plan offices, including A/C & lifts, excluding fit out	$1,520	$1,850	$2,325
8 levels and over, including A/C & lifts, excluding fit out	$1,820	$2,064	$2,689
Industrial
High Bay Warehouse, standard config, concrete floor, metal clad	$790	$885	$950
High Bay Warehouse, standard config, concrete floor, pre-cast concrete wall clad	$900	$990	$1,100
Retail
Suburban shopping mall area including A/C	$1,295	$1,620	$1,950
Supermarket, including A/C, excluding fit out	$1,280	$1,400	$1,530
Hotels/Motels
Single level boutique motel, including A/C, guest facilities	$1,860	$2,390	$3,000
Single level tavern/hotel, including A/C, excluding loose item fit out	$1,650	$2,050	$2,200

The above rates are exclusive of GST.

Regional Variations
Cairns	115 - 130%
Brisbane	105 - 115%
Sydney	100%
Canberra	96 - 104%
Melbourne	98 - 108%
Hobart	87 - 97%
Adelaide	98 - 110%
Perth	100 - 120%

If your development is not located in Sydney, you can still estimate the construction cost of a development by applying a regional variation percentage. Simply multiply the construction cost by the regional variation percentage. This will give you an approximate cost for the construction type per square metre in your area.

Mortgage House would like to thank BMT Quantity Surveyors for providing this information.

Construction Loans:

Click on one of the Construction loans below for further details

Loan	Interest Rate	Comparison Rate	Borrow Up To	Loan Amounts
Conservative	From: 6.21% p.a.	6.23% p.a.	60%	From: 50,000.00
Peak	From: 6.26% p.a.	6.28% p.a.	95%	From: 10,000.00
Pure & Simple	6.21% p.a.	6.23% p.a.	80%	Up to: 600,000.00
Essential	From: 6.21% p.a.	6.23% p.a.	80%	From: 10,000.00
Advantage	From: 6.21% p.a.	6.23% p.a.	90%	Up to: 250,000.00
Bridge	From: 6.26% p.a.	6.28% p.a.	85%	Up to: 250,000.00