Gold Coast is a globally renowned location in the southeast of Queensland, Australia. Best known for its sandy beaches, not only is Gold Coast a tourist attraction, but many people strive to build their homes at this dreamy location. Apart from the gorgeous beaches, various factors make Gold Coast the perfect place to build a house. But you must be wondering; how much to build a house Gold Coast?
Construction costs are the initial factor to consider in building your own house. You also want to have a look for the right plot of land in your favourite Gold Coast suburbs. There are other factors you need to be mindful of while calculating the approximate construction cost of building a house.
These are: the size of the place you want, its design if it is single or double-story, building material, and the cost of the block of land where you want the construction. This article will guide you on how much to build a house Gold Coast.
Process to build a house: build, buy, or rent?
If you are concerned about how much to build a house Gold Coast, it is not your only option. Building requires a larger budget and planning fees that are not possible for everyone to afford. However, you can buy an established house or find houses for rent in Gold Coast that suit your budget.
Building a house is different from buying one. It greatly depends on what you want in your home. When you build your own house, you can create everything you want that suits your family’s needs.
Meanwhile, when buying a house, be mindful of the renovation costs and the possibility of paying upwards for plumbing, etc. To protect your home from the humidity, you may even need to consider house rendering, as Gold Coast is a coastal city.
There is also a significant difference in value before and after house rendering. However, if you don’t have a lot of belongings and prefer to live minimally, backyard pods are a cheap but effective option.
Steps to build a house: land
Unsurprisingly, the primary factor that affects how much to build a house Gold Coast is the area of Gold Coast you wish to build your house. While the areas near the coastline make the suburbs more expensive, places inland are relatively more affordable.
The average price per square metre block of land in Gold Coast is around $818. Accordingly, if you wish to purchase a 600-square-metre block of land, you should have a budget of approximately $490,000.
Another essential factor that plays an integral role in the value of the land is its sloping. It is better to buy a block of land that does not have a gradient to eliminate the costs of levelling the ground to create a flat base for building your house.
It would help if you even got the soil quality tested, as its composition can influence the cost of instilling the foundations.
Planning to build a house: design
Another notable factor affecting a house’s average building costs is the design you want. Single-storey houses are a cheaper, more convenient option that suits most families. However, if you wish to give more privacy to your family, you can build a double-storey house.
Nevertheless, you must remember that double-storey houses require a relatively bigger budget. Fixed price contracts with contractors are also a great way to avoid unexpected fluctuations in their fees.
How long does it take to build a house?
After knowing how much to build a house Gold Coast, you may also want to know how long it takes to build a house. The time frame largely depends on various other elements, including the design of your house.
The availability of house-building supplies and contractors also affects the time it takes to implement your plans. The average estimated time to build a single-storey house varies from one to two months if all the conditions are ideal.
Meanwhile, building a double-storey house can take anywhere between six months to a year.
FAQs about building a house in Gold Coast
1. How much does it cost to build a three-bedroom house in QLD?
To build a three-bedroom house in Queensland, the average cost starts from around $268,000 . The construction costs vary significantly based on the location, the house design’s complexity, and the materials’ quality. Instead of looking at the cost per square metre to build a house, you should look at the provisional sum.
In most cases, the cost per square metre only refers to the price of the land per square metre and does not cover the building costs, the hidden costs.
2. How much does it cost to build a house in Australia in 2022?
Data from the ABS shows that the average cost of building a house in Australia has increased after the global pandemic because of supply chain shortages. While the average price was around $320,000 for 15 years from 2004 to 2018, it is now $473,000.
3. Will building costs go down in 2022 Australia?
It is unlikely that the costs of building a house will decrease in 2022. Instead, the ABS report shows the significant rise primarily influenced by the impact of COVID-19 on the construction industry, one of which is the rise in global supply chain issues.
4. Is it cheaper to build or buy in Qld?
According to Finder.com, rough estimates show that the final price of buying a block of land and building a house is relatively cheaper than buying an established one. Their calculations do not include the cost of renovation or other hidden charges.
Final thoughts on how much to build a house in Gold Coast
So, how much to build a house Gold Coast? Building your dream house in Gold Coast, QLD, is a cheaper and more affordable option than buying an established home. It’s even easier when you want to build a tiny house.
The total budget on how much you will need to build a house varies widely on several factors. They include the quality of the building materials you use, the area you buy your land, and the complexity of the design of your home.
Also, the average costs for site plans of basic homes that focus on cost efficiency differ from those with luxurious designs.
