How Much Does A Builder Cost in Australia: What to Expect
When hiring a builder, a general rule is to allocate 30% to 40% of your total budget for their services. This includes overseeing the project, coordinating tasks, and ensuring everything runs smoothly. The remaining balance covers materials (50%) and council fees and permits (15%).
Per Square Metre Pricing
Builders often use a per square metre (m2) approach to estimate costs. The building cost per m2 can range from $1,300 to $3,900 or more. This figure provides a baseline for calculating the overall cost based on the size of the project.
Hourly Rates
Builder hourly rates vary, typically falling between $70 and $120. The location, type of work, and specific services needed influence these rates. In Australia, the average hourly rate is around $70 to $120.
Specialised Labour Costs
If you're considering renovations, different experts have varying hourly rates:
- Plumbers and electricians: $78 to $125 per hour
- Carpenters, painters, and glaziers: $68 to $107 per hour
- Cabinet Makers: $50 to $75 per hour
- Tilers: $45 to $65 per hour
Factors Affecting New Home Prices
Several factors influence the cost of building a new home:
- Builder and Pricing Structure: Different builders have different pricing structures.
- Construction Type: Timber frame, brick veneer, or double-skin brick affects costs.
- Material Choices: The type and quality of materials, finishes, and accessories impact the overall expense.
- Site Considerations: The ease of access and slope of your property can affect costs.
- Project Type: Whether it's a volume-built project home or a custom-built design plays a role in pricing.
Understanding these factors helps you estimate and plan for the expenses associated with hiring a builder, whether you're embarking on a new build or a renovation project.