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Sep 29, 2022

How Much Does It Cost To Build A House In Melbourne 2022

The cost of building a house in Australia’s urban areas has increased in recent years. Last year’s global supply chain issues, combined with a boom in demand, saw prices for new homes rise by record amounts in Melbourne. As we near the end of 2022, surging interest rates are making mortgages more expensive and putting further strain on Melbourne’s housing market.

If you’re thinking about building a new home in Melbourne, it’s important to be aware of these trends. You’ll also want to ensure you’re receiving truthful, accurate cost information from your home builder right from the outset – which is what you’ll get with Aston Homes.

Get in touch with us today to learn more about our affordable home designs and packages.

What is the average cost to build a house in Melbourne?

The cost of building a house in Melbourne in 2022 can vary significantly depending on several factors, including size, layout and location.

Industry estimates suggest that the average cost to build a single-storey, 3-bedroom house in Melbourne is between $1,300 and $2,000 per square metre.

For a 4-bedroom house, this increases to between $2,000 and $3,000 per square metre. You can expect to pay 5-10% above these estimates for double-storey properties.

Of course, these average building costs don’t take into account other factors that contribute to the final cost of construction, such as finishes, fittings and extras. At Aston Homes, you can save up to $56,000 on these items with our Everyday Extras package, helping you achieve your dream home at a fraction of the cost charged by regular builders.

Factors that influence the cost of building a house in Melbourne 2022

House building costs in Melbourne in 2022 can be influenced by many factors, including:

  • Size

The larger the project, the more materials and labour are required, and the longer it will take to complete. As a result, the construction costs of a large home will be higher than that of a smaller one.

  • Home design

The complexity of your home’s design also influences the cost of construction. A home design that has many bedrooms and bathrooms, as well as special features such as an alfresco dining area and home theatre, may drive up your building costs. At Aston Homes, we include many of these features in our affordable floor plans, so you can enjoy luxury living without breaking the bank.

  • Location

Another factor is location; as with most major cities, building costs in Melbourne’s inner city are typically more expensive than in outer suburbs. This is mainly due to high land costs in 2022, which can be minimised by purchasing a house and land package.

  • Your builder

Some Melbourne house builders may charge more for their services, but they may also use higher quality materials and be able to complete the project more quickly. Having an open conversation with your builder about construction costs before commencing the build is crucial.

Is it worth building a new house in Melbourne?

There are lots of different options for people looking for a house in Melbourne – renting, buying an existing house, or building a house from scratch. While each option has pros and cons, building a new home is a popular, cost-effective choice for many first-time home buyers in Melbourne.

The main advantage of building your own house is that you can tailor the design and layout to suit your needs and preferences. With Aston Homes’ wide range of floor plans and facades, we can help you create a home that is uniquely yours.

Another advantage is that you will be updated throughout the building process from start to finish, so you can be sure that everything is completed to the highest standards. With careful planning and a good builder, a new home construction project will ensure you end up with a beautiful home that you’ll love for years to come.

Cost-saving tips for new home buyers in Melbourne

If you’re looking to build a new home, there are a few tips you should keep in mind to reduce costs. First and foremost, consider investing in a house and land package. They provide everything you need to get started on your new build with one purchase and often come at a discounted price.

Keep the build simple in less-used spaces such as guest bedrooms and study areas. Invest in energy-efficient infrastructure. Achieving a 6-star energy rating, for example, will maximise thermal efficiency and cut down on future heating and cooling costs.

Contact Aston Homes today

At Aston Homes, we understand that building a house is a significant investment. We want our clients to feel confident that they’re getting the best value for their money, so we’ll work with you to assess your budget and deliver an exceptional new home that meets your needs.

Contact us today to get started on building your dream home in Melbourne.

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