Due to recent inflation post 2020, you cannot address the whole floor plan for less than $1 million anymore when undertaking significant refits and renovations.

• Clever small extensions with minor modifications to the house range from $500,000 to $800,000.
• Major extensions with moderate modifications to the existing house range from $800,000 to $1.2 million.
• Complete new builds, or Complete raise and builds, or Complete renovations and extensions and build-unders, cost from $1.8m – $3.m
• Complex, detailed and very large floorplans 400-600m of floor area start to enter the $3-5m range.

A great way to gauge the cost of a project is talk directly with your selected architect at feasibility stage and get them to give a few examples of recently completed work and calculate a floor area divided by the build cost or contract price, including architect’s fees to understand the true cost per square metre of that project.

For example, 300 square metres of built floor area including external works like pool and landscaping.

• Builders, contract for above was, 2million.
• Architects fees & design costs came to 260k

$2,226,000/300m2 ‎ = $7,420/m² project cost.

If you would like to discuss your project and projected costs, or simply want some more information about this post, don’t hesitate to reach out to us.