在澳大利亚 Hi Guys, Ive found a property that has mentioned two payments coming up of $1400 to apparently top up the admin fund and 2 have just been paid. Im looking at a financial statement (basically a balance sheet) for the strata and its all a bit Hi all, I currently have a PPOR and 10K cash in the bank which I plan to use as a deposit for a IP early next year. Is it possible for me to place this into my PPOR loan and then redraw the 10K when Im ready for the IP and then claim the int
I'm wondering where I can find some stats on building costs per square metre.
Currently I am looking at some fully detached town houses off the plan and am wanting to find this info out so I can come up with a price that I can use in my negotiations. The theory goes that if I can find out this info and add in a 20 - 30% margin on top then I will arrive at the "true" value of the property. Does this sound reasonable.
This is also not the only thing I am doing. I have the Home Price Guide and have done some drivebys in the area to look at similar styles of property and noted down prices.
I've been here --> http://www.propertyoz.com.au/trendsnet/cyberstats/fs_cyberstats.htm
It's pretty good, but it's from 2001. So.....on to some questions I have.
1. To bring those numbers up to todays figures should I just add 6% to them (inflation for the last 2 years).
2. Do you think these sample calcs are too cheap. I do. What is a more realistic figure?
Town Houses - Melbourne
$200 - Building Services
$1200 - Construction Costs
$1400 - Total
$1484 - + 6%
My guess is that these figures just factor in labour and materials and not land. I'll do some more numbers after I have a think about that, it's bed time now
I'm looking in Melbourne, northern suburbs, 10 KM radius from the CBD and these costs seem....well cheap. I've heard people talk about $4500 per square metre for St Kilda/Elwood. Different suburb, but similar KM radius from CBD
I think it is a touch expensive, all inclusive engineers, permits, drawings, power ( excluding land ) about $1150m2 for BV 3 br units. Just construction costs from the big building companies for your basic BV first home owners set design specials can be as low as $600m2.
I agree with AL too expensive.
I think your figures are way out,ALs sound about right.
I just want to check.... is BV = Builders Valuation.
Also, always_learning, does your number include a margin for the builder or should this be added in later.
BV = Brick Veneer.
My cost was the builders cost to me and other costs for design, council (open space charges) and service connections. So I assume that the builder does make a profit!
Construction costs for high rise appartment in Japan are around AUD$4000m2.
Um........ I think you're confusing your values.
$1484 per m2 is expensive.
$4500 per square is cheap.
One is imperial (old), one metric.
m2 / 9.3 = square.
square * 9.3 = m2
A 20 Square home is around 186m2
Given the above,
Somewhere between $90,000 and $276,000
Reality - Bulk Builder would be around $160,000 fairly well finished, custom build more.
You also need to know to what stage of finishing the costs allow. Landscaping etc?
Hope this helps.
From the AV Jennings Web Site
HOUSE NAME SizeM2 BASE PRICE M2
Entertainer 165 $110,500 $669.70
Entertainer 195 $116,500 $597.44
Escape 185 $110,500 $597.30
Escape 215 $124,900 $580.93
Esprit 165 $105,900 $641.82
Esprit 190 $117,500 $618.42
Freedom 140 $97,900 $699.29
Freedom 150 $104,500 $696.67
Breeze 155 $106,900 $689.68
Liberty 145 $99,900 $688.97
Liberty 160 $108,500 $678.13
Liberty 180 $114,500 $636.11
Riverwood 190 $119,500 $628.95
Riverwood 200 $123,500 $617.50
Riverwood 220 $128,900 $585.91
Sovereign 200 $144,900 $724.50
Sovereign 240 $153,900 $641.25
As you can see from Always_learnings post, the price from a bulk builder is around $670m2, or $5,800 per square. THis is a good starting point....
Add to this any site costs not included, the finishing costs (landscaping, window coverings, towel rails, floor coverings etc etc) - AV Jennings at least include a lot of this.....
Then you'l have a true cost.
It's more expensive using boutique builders and architects....
Hope this helps.