Toggle Menu Header



Mortage Broker , Sydney Region

Know how much it costs on an average to build a house in Australia

3Mo ago 0 Replies 250 Views
In Australia today, how much can you expect to spend when building a house?
Without sounding trite, the answer to this could be summed up with that frustrating yet often accurate phrase: how long is a piece of string?!
There are a number of different factors that can impact the cost of building a house, including but not limited to:
  1. the size of the dwelling
  2. the location and availability of resources the slope of the land
  3. the quality of the fixtures and fittings

With this in mind, there are some “ballpark figures”  to give you a guide as to how much it may cost you to build a property.

Read inside:

Share on:

Top Contributors Last 30 days

1 John
2 InvestAus
3 Liam

Related Posts

Mortgage holders to take advantage of record low interest rates

As predicted, the Reserve Bank of Australia decided to hold the official cash rate at a record low of 0.25% at its June meeting on Tuesday. In a statement, RBA governor, Philip Lowe, said “the global economy is experiencing a severe downturn as countries seek to contain the coronavirus." “For its part, the RBA will maintain its expansionary settings until progress is being made towards full employment and we are confident that inflation will be sustainably within the 2–3 per cent target band. The Central Bank’s decision to hold the official cash rate comes despite other global markets adopting negative rates in the aftermath of the COVID-19 crisis including Sweden, Denmark, Europe (ECB), Switzerland and Japan. “The RBA appears to now be firmly focused on imploring the Federal Government to provide additional fiscal stimulus to aid the recovery.” It’s a good time for mortgage holders to plan their own recovery It’s clear Australia is at the start of a long road to recovery, which mortgage holders should take advantage of to get ahead of their finances, said Sam Boer, chief executive of Smartline mortgage brokers.  “Now is a great time for consumers to get their own economic recovery plan into place and it starts by reviewing your mortgage and speaking with your personal mortgage adviser about all the low rate offers and incentives that are currently available,” Mr Boer said. SOURCE: x RBA Holds Cash Rate As Attention Turns To Virus Re... As predicted, the Reserve Bank of Australia decided to hold the official cash rate at a record low of 0.25% at its June meeting on Tuesday.
1Hr ago 3 Views

Annual land tax to replace stamp duty at NSW and VIC

Stamp duty would be gradually replaced by an annual land tax and home buyers could "opt in" to a new property system or receive a credit for past duties, under reform options for the NSW and Victorian governments. Former Telstra boss David Thodey is due to deliver his Federal Financial Relations report to NSW Treasurer Dominic Perrottet this week. The need for tax reform and abolishing stamp duty, which discourages people from moving closer to jobs and is a barrier to home ownership. Read full article at: x
1D ago 2 Views

$50,000 for new home buyers

New-home buyers could be given a $50,000 handout under a proposal by the Property Council of Australia. The Property Council’s plan Buyers of newly built homes would get a $50,000 ‘New Home Boost’ from the federal government; Broad-based tax reforms including the axing of state Stamp Duty taxes; The GST widened in the medium term to include fresh food, health, and education; And a “Welcome to Australia” immigration campaign to drive growth Graham Wolfe from Housing Industry Association says it’s a “very important” move. “We are at a very, very critical stage right now,” he said. Taxes and charges currently account for up to 50 per cent of a new home’s cost. New home sales have also fallen 23 per cent since the lockdown began. On top of that, a third of current projects have been cancelled. Get full info at: x CASH INJECTION: Homebuyers could be given $50,000 ... Buyers would also get big savings on taxes, which can account for up to 50 per cent of a new home’s cost.
1D ago 66 Views

The government’s new homebuyer grants will be available to Australians ‘across the board’

Treasurer Josh Frydenberg is preparing to unveil a mammoth new homebuyers scheme that will be available for all Australians – not just first-time buyers. “This will be across the board – not just for first homebuyers – as the government looks to prevent a 30 to 50 per cent drop in residential construction,” Clennell said on Sky News. The government fears a collapse in residential construction activity will damage housing supply and put pressure on affordability in the mid- to long-term. Construction is also a major pillar of the national economy, with economists warning it’s set to take a massive hit due to COVID-19. “We said we've got an open mind on grants and as recently as yesterday we put an idea on the table to lift the cap on the loan deposit scheme to try and incentivise new builds as well,” Dr Chalmers added. Source: x The government will this week unveil new homebuyer... The next phase of government stimulus designed to revive the economy in the wake of the coronavirus crisis will focus on housing construction, it’s been reported.
1D ago 2 Views

No opportunities for "off the plan and late settlement buyers" amid COVID-19

Off the plan and late settlement buyers are the forgotten purchasers who bought not-yet-built homes a couple of years ago and those who exchanged contracts prior to March 2020 but now have to settle in the post-COVID lending environment. Right now, these groups are facing two massive problems: 1. While they may have gotten pre-approved by their lender in the months leading up to the COVID-19 outbreak, that doesn’t count for much anymore.   2. Valuation by banks and lenders of your purchase. With some economists warning that property prices could fall by up to 30%, valuers are getting anxious. These two big problems may mean that a purchaser won't be able to settle. Even worse, they could lose their 10% deposit and potentially be sued for the difference if the vendor sells to someone else for less money.    For more details, click on the below given link: x The plight of the off the plan or late settlement ... Dipping property prices, rock-bottom interest rates and less competition at auctions have opened up plenty of opportunities for home buyers, but there’s one segm
MD Emren
MD Emren
1D ago 3 Views

How to select the right lenders?

Lenders can be viewed as your partner to success – without them, building your portfolio may not be possible. When you are looking to grow an investment portfolio over time, a loan should never be a ‘strait-jacket’. It’s important to remember as an investor, you’re looking for ways to have more options and possibilities in the future, not less!  The right questions investors should be asking is whether the lender and loan product can help you achieve your longer-term goal. Investors should be seeking to balance: Lenders that suit a diversified lending structure that allows you to multiply your borrowing power over time; and Lenders that offer the flexibility and control you need to grow a portfolio over time. To go into further detail on these points, you are looking for some key loan features that become very useful for those trying to grow a portfolio, which are often overlooked in favour of the short term considerations. Lenders that can offer you the following features will pay dividends in the long run: Favourable policies on releasing equity, allowing customers to access equity with ease. Easy access to valuations on your existing properties, ideally through a computerised valuation system where the lender can provide an instant valuation without the need for a full inspection. The ability to split loan accounts and maintain separate offset and redraw facilities. Source: x How investors looking to grow portfolios should se... Perhaps the most important financing consideration investors have is selecting the right lenders to partner with. Lenders can be viewed as your partner to success
2D ago 3 Views
12 online
Sandeep Tyagi
Arvind Suresh
Amit Jadaun
Ashish Bhanot
and more ...