It’s hardly a secret that building a house is an expensive proposition, but how much exactly can you expect to spend? Houses with five bedrooms than to be on the higher scale of house prices, due to their size and the fact they often have higher quality materials. While it is difficult to give an accurate estimate of how much your house will cost without specific details, we can provide some statistics on the average costs of five-bedroom houses in each Australian state. So let’s dive into our article on how much it costs to build a 5-bedroom house in Australia.
What factors impact the cost of a 5-bedroom house?
The following aren’t all the factors that can influence a house price, these are some of the more common things that can affect the cost of your build:
- The building company/home builder you choose to build with
- Location of the block
- The condition of the land you’re building on.
- Building materials: This includes both the quality and availability
- A custom house design will cost more than using an existing design
- Local services will be cheaper
- Any delays can add to building costs
- Prep work needed for land
- Trends in the building industry
- Issues with the construction company you’ve chosen.
How much land will I need to build a 5-bedroom house?
This varies depending on the design of your home. For example, a double-storey home may have a relatively small footprint despite its overall large house area. If you drive around inner-city suburbs, you’ll notice a lot of the blocks of land are hardly rolling acres.
What is the average cost to build a 5-bedroom house in each state & territory?
The latest national average cost of a five-bedroom house in Australia (at the time of writing) is. All our information is based on the capital cities of each state. Many rural areas will likely have cheaper prices.
Five-bedroom houses can be anywhere between 280 sqm to a staggering 720 square metres or more. Many luxury houses and mansions are five-bedroom houses, so this may skewer the statistics.
Labour costs of a project will usually be around 40% of your total building costs which is a significant amount of your total cost.
Cost of building a 5-bedroom house in QLD
For a five-bedroom home, expect to pay around $1,900 m2 to $3,900+ m2, or $532,000 to an eye-watering 2 million plus for the final cost.
What is the average cost of land for a 5-bedroom house in QLD?
The average cost for a block of residential land is $620,000. However, different suburbs can vary on this
What is the average cost of labour in QLD?
Depending on the size of the project, labour costs could be anywhere between 212,800 to a million dollars. This won’t include extra costs such as landscaping or driveways.
What is the cost of building and planning permits required in QLD?
Building and planning permits are a necessary part of building a new home. Your builder should be able to help you by guiding you. This can cost around $1,000 for a simpler project but will cost more depending on the size and complexity of the project.
Building certification will cost around $1,765 for a single-storey home and $2,067. Extra costs will be charged if you need features like swimming pools inspected.
Cost of building a 5-bedroom house in NSW
Expect to pay between $2,100-$6,400 per square metre, though prices can fall outside this range.
$588,000 for a home with mid-range materials and upwards of 4 million dollars plus for the luxury, mansion-type house.
What is the average cost of land for a 5-bedroom house in NSW?
Land in Sydney is some of the most expensive in the country, with the average for a residential block being $716,381 in Sydney.
What is the average cost of labour in NSW?
Labour costs will take up $235,200 to nearly 2 million dollars depending on the design of your dream house.
Cost of building a 5-bedroom house in SA
Per Square metre: $1740-$3,800
Overall Cost: $487,200-$2,376,000
What is the average cost of land for a 5-bedroom house in SA?
$200000-$300000, depending on where you buy, though in high-demand areas the prices can exceed this.
What is the average cost of labour in SA?
$194,00-$1,094,400 of the money you spend to build a house will be spent on labour costs.
What is the cost of building and planning permits required in SA?
Depending on which permits you need, it can cost hundreds or thousands of dollars.
Cost of building a 5-bedroom house in WA
Per Square metre: $2,220-$4,100
Overall Cost: $621,600-$2,952,000
What is the average cost of land for a 5-bedroom house in WA?
Residential blocks in Western Australia can range from $930 to $6,310, depending on where you’re buying.
What is the average cost of labour in WA?
What is the cost of building and planning permits required in WA?
Building permits are calculated based on the overall cost of the project. In WA, this will be around 0.32% of your entire building costs.
Cost of building a 5-bedroom house in VIC
Per Square Metre: $2,000-$4,300
What is the average cost of land for a 5-bedroom house in VIC?
Land in the Melbourne area will cost anywhere between $2,622- $13,915 per square metre, depending on the suburb
What is the average cost of labour in VIC?
What is the cost of building and planning permits required in VIC?
Around $1,400 for a standard home, though this will vary depending on the local council you’re dealing with and the scope of your project.
Cost of building a 5-bedroom house in NT
Per Square Metre: $1,700-$2,950
Overall Cost: $476,000-$2,124,000
What is the average cost of land for a 5-bedroom house in NT?
The cost of land in Tassie is around $650 to $6,599 per square metre.
What is the average cost of labour in NT?
What is the cost of building and planning permits required in NT?
Our research indicates it’ll cost between $734-$1,065, but we recommend checking with your local council.
Cost of building a 5-bedroom house in ACT
In the ACT, it will cost around $1,840-$3,650 per square metre, depending on whether you’re using budget materials or the highest quality materials. Overall this will cost between $515,200 to $2,628,000.
What is the average cost of land for a 5-bedroom house in ACT?
The average cost of land in the ACT is $2,827 to $3,392 per square metre or about $417,000 all in. This varies depending on the size of the lot and where you’re purchasing.
What is the average cost of labour in ACT?
Cost of building a 5-bedroom house in TAS
Per Square Metre: $1,800-$2,200
Overall Costs: $504,000-$1,650,000
What is the average cost of land for a 5-bedroom house in TAS?
The cost of land in Tassie is around $2,541 to $6,599 per square metre.
What is the average cost of labour in TAS?
What is the cost of building and planning permits required in TAS?
Building permits and planning approval will vary depending on the area you’re building in and the nature of your project. We recommend getting in touch with your local council for more details.
Our tips on saving money when building a 5-bedroom home
- Your choice of materials will make a huge difference to the overall cost of your build. Consider using cheaper materials if you’re looking to save money.
- Compare multiple building companies and get quotes from each. This provides you a chance to see what’s available and find the best deal for you.
- If you’re still looking to purchase land, consider a few suburbs in a similar area. You may be surprised how much you can save simply home building a few kilometres away.
- Organise your finances. Knowing how much money you have and what you can realistically pay back over time is essential to reducing headaches with your home loan. It’s worth having a chat with a finance expert about this.
- Step back and think about why you’re building this house and what your ultimate goal is. Is this a forever home or an investment property? Tailor your strategy to meet your final goals.
- Talk to a building broker, like Buildi, about your project. If you hire us, we can help you every step of the way throughout your building journey. From finding the right builder for you to attending meetings to take notes, to making sure everything in your contract is delivered. We’ll help you save money, time and more.