Aus Investment Properties Quarterly Report (December 2023) Australian Turn-Key Investment Property Building Costs Per Square Metre.

Welcome to the latest December 2023 issue of Aus Investment Properties Quarterly Report. This report provides an in-depth examination of the current Australian real estate market, particularly focusing on the average construction costs per square metre (m²) for various types of properties across different states. Our detailed analysis offers essential information for investors aiming to make well-informed decisions in the property sector.

The purpose of the Aus Investment Properties Quarterly Report is to give insights into the fluctuating costs of constructing turn-key investment properties throughout Australia.

What defines a turn-key property? A turn-key investment properties are those fully equipped with all necessary items such as window coverings, fences, landscaping, driveways, paths, and clotheslines, making them ‘Ready to Rent’ upon completion. This contrasts with standard builds where the builder constructs only the house’s basic structure, leaving other elements for the homeowner to finish post-handover. This often results in a significantly lower per square metre construction cost compared to turn-key properties.

For investors, turn-key projects are the preferred choice. These projects offer numerous advantages, notably a fully completed property at handover and a single contact point for any future issues.

How do we collate our data? The data for this report is compiled from properties listed on www.ausinvestementproperties.com.au. We have analysed over 6900 brand new turn-key investments from across Australia to create this thorough report. In instances where there are insufficient property types or representation in certain states and territories to provide a comprehensive analysis, we have omitted them from the results.

Construction Cost M2 by property type:

Australia

• Dual Key: $2155.27 per m²
• Dual Occupancy: $2468.57 per m²
• Duplex: $2321.02 per m²
• House and Land: $2511.66 per m²
• NDIS: $2837.29 per m²
• Terrace/Villas: $2410.76 per m²

NSW (New South Wales)

• Dual Occupancy: $2574.35 per m²
• Duplex: $2351.11 per m²
• House and Land: $2465.67 per m²
• NDIS: $3305.20 per m²

NT (Northern Territory)

• House and Land: $2665.82 per m²

QLD (Queensland)

• Dual Key: $2277.70 per m²
• Dual Occupancy: $2372.41 per m²
• Duplex: $2255.83 per m²
• House and Land: $2123.90 per m²
• NDIS: $2752.21 per m²
• Terrace/Villas: $2397.67 per m²

SA (South Australia)

• House and Land: $2288.93 per m²
• NDIS: $2882.46 per m²

VIC (Victoria)

• Dual Key: $1881.13 per m²
• House and Land: $2867.05 per m²
• NDIS: $2745.03 per m²
• Terrace/Villas: $2423.85 per m²

WA (Western Australia)

• Dual Key $1859.69 per m²
• House and Land: $2563.12 per m²

In conclusion, the December 2023 edition of Aus Investement Properties Quarterly Report offers an extensive and valuable overview of construction costs for turn-key investment properties across Australia. Our analysis, drawing from a database of over 6900 properties, reveals significant variances in costs per square metre across different property types and states.

Investors looking towards turn-key properties will find this report particularly useful, as it underscores the financial implications of choosing turn-key properties that are ready for immediate rental. The comparison of turn-key property costs with standard builds also provides a clear perspective on the value and convenience offered by turn-key investments.

As the property market continues to evolve, Aus Investment Properties remains committed to providing insightful and up-to-date information to support our investors in making informed decisions.

If you would like more information on our properties, please visit our website www.ausinvestmentproperties.com.au

If you intend to utilise this report in part or whole, please ensure to credit us appropriately. “Source: Aus Investement Property Quarterly Report, December 2023,” and include a link to our website www.ausinvestmentproperties.com.au