Average Costs of Construction in Australia
The BMT Construction Cost Table is a useful guide to the cost of construction for a variety of building types including, houses, townhouses, residential apartments, office blocks, industrial warehouses, supermarkets, shopping centres, hotels and motels.
Choose your finish then multiply by the regional variations table below to find out the approximate cost per construction type per square metre in your area.
All prices below are quoted exclusive of GST.
Construction Cost Table
If your development is not located in Sydney, you can still use these rates as a guide by applying a regional variation percentage. Simply multiply the construction cost by the regional variations opposite. This will give you an approximate cost for the construction type per square metre in your area.
The Calculation of Construction Costs
The above costs are calculated based on a Gross Floor Area (GFA) rate. Typically GFA can be defined as the sum of the fully enclosed covered floor area and the unenclosed covered floor area of a building at all floor levels, measured in a square metre rate. GFA consists of two elements:
- FECA: Fully Enclosed Covered Area
- UCA: Unenclosed Covered Area
Columns and piers
Porches and porticos
Attached covered walkways
Usable space under buildings
Costs provided are an average price for typical buildings as at the date of publication, allowing for preliminaries, builders profit and overheads. Costs can provide no more than a rough guide to the probable cost of building, as costs can vary significantly based on site conditions, level of fitout and design.
The construction cost information above is provided as a general guide to allow you to estimate the potential construction costs for a building type. However, the Cost Information is based on assumptions concerning construction type, quality and condition of inclusions which may differ from your personal circumstances. You acknowledge and agree you must undertake your own analysis and obtain independent construction, legal, financial and taxation advice before using, relying or acting on the Cost Information.