Property Depreciation and
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Quantity Surveyors - Cost Planning and Tax Depreciation
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Construction Costs Per Square Metre - Sydney

Construction Type

Level of Finish

Residential Low       Medium High

3br brick veneer project home, level block, shelf design

$980

$1,250

$1,580

Architecturally designed executive residence

$2,100

$3,250

$4,900

3br, 2 level brick veneer townhouse, including allowance for common property

$1,260

$1,480

$2,200

3 level walk-up unit complex, concrete structure ground floor parking

$1,420

$1,700

$2,200

Multi-level apartment building, including lift and basement car parking

$1,600

$1,970

$2,940

 

 

 

Commercial

 

 

 

1-2 level open plan offices, including A/C, excluding fitout

$1,260

$1,490

$2,160

1-4 level open plan offices, including A/C & lifts, excluding fitout

$1,280

$1,510

$2,224

4-8 level open plan offices, including A/C & lifts, excluding fitout

$1,520

$1,850

$2,325

8 levels and over, including A/C & lifts, excluding fitout

$1,820

$2,064

$2,689

 

 

 

Industrial

 

 

 

High Bay Warehouse, standard config, concrete floor, metal clad (size to 3500sqm)

$800

$900

$980

High Bay Warehouse, standard config, concrete floor, metal clad (size > 3500sqm)

$790

$885

$950

High Bay Warehouse, standard config, concrete floor, pre-cast concrete wall clad (size to 3500sqm)

$850

$950

$1,100

High Bay Warehouse, standard config, concrete floor, pre-cast concrete wall clad (size > 3500sqm)

$840

$930

$1,050

 

 

 

Retail

 

 

 

Suburban shopping mall area including A/C

$1,295

$1,620

$1,950

Bulky good centre, concrete tiltup connstruction, including A/C, excluding fitout

$1,100

$1,325

$1,490

Supermarket, including A/C, excluding fitout

$1,280

$1,400

$1,530

Specialty shops, including A/C, excluding fitout

$1,080

$1,250

$1,500

 

 

 

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 fitout

$1,650

$2,050

$2,200

Licensed club, including A/C, bar, lounge, rec facilities

$1,600

$2,100

$2,800

Multi-level, 3 star hotel including A/C, restaurant, bar, common facilities

$2,380

$3,100

$3,500

BMT & Assoc - Australia Wide Quantity Surveyors

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:

• Fully Enclosed Covered Area (FECA)   • Unenclosed Covered Area (UCA)

FECA:
Includes items such as:
UCA:
Includes items such as:
  • Basements
  • Attics
  • Garages
  • Penthouses
  • Lift shafts
  • Staircases
  • Columns and piers.         
  • Roofed balconies
  • Open verandahs
  • 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.

Construction Services


Disclaimer:
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.

Any statements, estimates, or projections in the Cost Information concerning construction costs are not a representation as to future matters. No representation is made that your construction costs will be the same as for the relevant general building type in the Cost Information.

Neither BMT & Assoc, nor its directors, shareholders or advisors make any representation or warranty as to the accuracy or completeness of the Cost Information. Nor will they have any liability to you or any other party for any representations (express or implied) contained in, or any omissions from, the Cost Information.