If you're planning to build a new home in Perth, one of the critical factors you need to consider is the building cost per m2.
Knowing this allows you to budget your expenses and ensure that you're getting the best value for your money.
Perth is known for having a steady market, but the building costs can vary depending on various factors.
In this blog post, we'll dive into the things you need to know about building cost per m2 in Perth, Western Australia.
Related Article: How to build a new home in Western Australia: Quick Guide
Factors Affecting Building Costs in Perth
The cost of building a home in Perth is not fixed because many factors can affect the overall cost. For one, the location of your property within Western Australia can affect the cost of materials and labour. For example if you live outside of the metro area, it may be more costly to get trades and supplies to your site.
Additionally, the complexity of the design, the size of the house, and the quality of materials used will also influence the building cost.
Other factors like soil type, slope, and drainage also play a role, which can affect site works and things like scaffolding.
Nowadays there are several building cost calculators available online - just be aware that those are not perfect.
Average Cost of Building Per m2 in Perth
According to industry experts, the average cost of building per m2 in Perth ranges from $2,000 to $4,000. The cost is significantly lower compared to other cities in Australia, making it an attractive location for new home builders.
How to Control Building Costs
To keep your building costs under control, one of the most important things you can do is to work with a reliable builder.
Look for a builder who has a good reputation, transparent pricing, and a track record for delivering quality work and winning industry awards.
You should also consider a fixed-price contract, which will help you avoid unexpected costs. Most project builders in Perth will offer this option as standard.
Additionally, you should think about the design features that are truly "must-haves" and which ones you can compromise on.
Government Grants for First Home Buyers
If you're a first-time homebuyer, you may be eligible for a government grant that will help you offset the cost of building.
You may be eligible for the First Home Owner Grant, which can provide you with a one-time payment of up to $10,000 if you meet certain eligibility criteria. This changes frequently, so do your research as to what is available right now.
Cheapest is Rarely Best
Finally, when it comes to building your dream home in Perth, shopping around and comparing prices is crucial.
Get quotes from different builders, meet with them in person, and ask the right questions about the materials they use and their building process.
However beware of similar designs varying in price significantly. Some builders use unscrupulous tactics to offer a cheaper upfront quote, but once the client is signed up, will add on extra's before construction commences.
If your quote has provisional sums (P.S), ask why. As this will be an opportunity for builders to load the price once you have signed up.
Careful consideration and research can help you avoid costly mistakes and ensure that you're getting the best value for your money.
With the right planning, research, and a reliable builder, you can build the home of your dreams without overspending.