Note: Use of this construction cost table should be treated as a guide only. The rates listed below are average rates gathered 6-12 months prior to publication, and typically 20-30% out on current actuals in the marketplace.
Koste Building Constructions Cost guide provides a great tool for property builders and investors to have a better understanding of the building cost. Also, the tables provide great comparison and insights of the construction costs in major cities in Australia. Follow this guide based on the information provided by the AIQS Sept 2023 Building Cost Index Publication.
Residential
| Unit | Sydney | Brisbane | Melbourne | Perth | Adelaide | Canberra | |
|---|---|---|---|---|---|---|---|
| Standard House (Basic) | m2 | $1630 | $1570 | $1620 | $1360 | $1430 | $1390 |
| Standard House (Medium) | m2 | $1910 | $1930 | $1890 | $2020 | $2250 | $2090 |
| Standard House (High) | m2 | $6010 | $3310 | $4720 | $3000 | $3410 | $2610 |
| Townhouse | m2 | $2720 | $2380 | $2700 | $2120 | $2110 | $2090 |
| Apartments - Low Rise | m2 | $2590 | $2540 | $2560 | $2220 | $2390 | $2430 |
| Apartments - High Rise (Medium) | m2 | $2880 | $3240 | $2850 | $3140 | $2930 | $2780 |
| Apartments - High Rise (High) | m2 | $3420 | $3660 | $3390 | $4190 | $3070 | $4170 |
Accommodation
| Unit | Sydney | Brisbane | Melbourne | Perth | Adelaide | Canberra | |
|---|---|---|---|---|---|---|---|
| Motels (Single or double storey) | m2 | $3260 | $3100 | $3230 | $3250 | $3890 | $3100 |
| Hotels (Suburban single or double storey ) | m2 | $3910 | $3380 | $3540 | $3270 | $3890 | $3410 |
| Hotels (Medium to high rise) | m2 | $5210 | $4210 | $4180 | $4910 | $4430 | $4080 |
Office
| Unit | Sydney | Brisbane | Melbourne | Perth | Adelaide | Canberra | |
|---|---|---|---|---|---|---|---|
| Suburban up to 3 storeys | m2 | $2720 | $2970 | $2690 | $2510 | $2520 | $2610 |
| Suburban bank up to 3 storeys | m2 | $4730 | * | $3230 | $4300 | $4700 | * |
| Low rise up to 3 storeys | m2 | $3580 | * | $3540 | $3780 | $2860 | $3390 |
| Medium – high rise up to 15 storeys | m2 | $3890 | $3500 | $3850 | $3850 | $3410 | $3740 |
| High rise up to 35 storeys | m2 | $4660 | $4610 | $4620 | $4230 | $4020 | * |
| High rise over 35 storeys | m2 | $6340 | $4690 | $5390 | $5640 | * | * |
Industrial
| Unit | Sydney | Brisbane | Melbourne | Perth | Adelaide | Canberra | |
|---|---|---|---|---|---|---|---|
| Single storey factory with small span for light industry | m2 | $1170 | $1000 | $1150 | $1070 | $1160 | $830 |
| Single storey factory with large span for heavy industry | m2 | $1270 | $950 | $1310 | $1210 | $1300 | $960 |
| Single storey warehouse | m2 | $930 | $1000 | $920 | $930 | $890 | $830 |
| Multi storey warehouse | m2 | $2020 | * | $2000 | $1990 | * | * |
Shopping
| Unit | Sydney | Brisbane | Melbourne | Perth | Adelaide | Canberra | |
|---|---|---|---|---|---|---|---|
| Single storey retail shop or showroom | m2 | $2040 | $1520 | $2020 | $1230 | $1640 | $1040 |
| Single storey suburban supermarket of large chain | m2 | $2320 | $1900 | $2290 | $1020 | $1700 | $1700 |
| Regional complex up to three storeys | m2 | $3270 | $3180 | $3080 | $2800 | $2730 | $2090 |
| Central Business District (CBD) store | m2 | $4010 | $4450 | $3850 | $3780 | $3480 | $2610 |
Health
| Unit | Sydney | Brisbane | Melbourne | Perth | Adelaide | Canberra | |
|---|---|---|---|---|---|---|---|
| Single storey district hospital | m2 | $6210 | $4620 | $4310 | $4540 | $4980 | $4740 |
| Multi storey general hospital (200 beds) | m2 | $6740 | $6140 | $6160 | $6050 | $7500 | $7140 |
| Multi storey maternity hospital (100 beds) | m2 | $7010 | $5860 | $5540 | $5550 | $6820 | $6000 |
| Single storey medical centre | m2 | $4210 | $3860 | $3230 | $2760 | $3610 | $2870 |
| Child care centres | m2 | $2810 | $2590 | * | $2390 | $3270 | $3040 |
| Community care centres | m2 | $3340 | $2540 | $2310 | $2150 | $3270 | $2610 |
Civic Buildings
| Unit | Sydney | Brisbane | Melbourne | Perth | Adelaide | Canberra | |
|---|---|---|---|---|---|---|---|
| 500 person capacity main hall | m2 | $3070 | $2940 | $3040 | $2640 | $2800 | $2170 |
| 750 person capacity main hall | m2 | $4100 | $3970 | $4000 | $3850 | $3340 | $2960 |
| 1000 person capacity main hall | m2 | $5530 | $4770 | $5080 | $4350 | $4770 | $3650 |
| 2000 person capacity main hall | m2 | $6490 | $5240 | $5700 | $5620 | $5180 | $4000 |
| Library | m2 | $3890 | $3930 | $3850 | $3760 | $4430 | $3760 |
| Court House | m2 | $5530 | $5080 | $5080 | $4540 | $4770 | $6980 |
| Police Station | m2 | $3420 | $4450 | $3390 | $3650 | $4360 | $5190 |
Educational
| Unit | Sydney | Brisbane | Melbourne | Perth | Adelaide | Canberra | |
|---|---|---|---|---|---|---|---|
| Primary school | m2 | $3000 | $2610 | $2970 | $1810 | $3820 | $3170 |
| Secondary school | m2 | $3010 | $2630 | $3100 | $2510 | $4020 | $2670 |
| School laboratory block | m2 | $3650 | $3790 | $3510 | $3650 | $4360 | $3130 |
| Technical College | m2 | $3270 | $3240 | $3310 | $3270 | $3480 | $2810 |
| Residential college | m2 | $3910 | $3660 | $3310 | $3270 | $3480 | $2700 |
| Administration block | m2 | $3190 | $3380 | $2930 | $3520 | $3750 | $3130 |
| Tutorial and lecture room block | m2 | $3860 | $3650 | $3540 | $3560 | $3890 | $3300 |
| Lecture theatre | m2 | $4530 | $4310 | $4160 | $4280 | $4090 | $4000 |
| Library | m2 | $3860 | $3930 | $3540 | $4030 | $3820 | $2960 |
| Laboratory and science block | m2 | $6340 | $4480 | $5540 | $5290 | $4770 | $5040 |
Recreational
| Unit | Sydney | Brisbane | Melbourne | Perth | Adelaide | Canberra | |
|---|---|---|---|---|---|---|---|
| Social sports club up to two storeys | m2 | $2890 | $3380 | $4050 | $3250 | $3340 | $3020 |
| Single storey sports pavilion | m2 | $2440 | $2830 | $3640 | $2570 | $2660 | $2270 |
| Basketball centre | m2 | $1620 | $2280 | $2970 | $1680 | $2390 | $1620 |
| Squash court (standard finish) | m2 | $1720 | $2140 | $3040 | $1920 | $2660 | $1710 |
| Squash court (high standard) | m2 | $2050 | $2780 | $3170 | $2240 | $2860 | $2330 |
| Bowling alley | m2 | $2230 | * | $2310 | * | * | $1580 |
| Single storey community recreation centre | m2 | $1670 | $2280 | $2830 | $2120 | $3270 | $1660 |
| Cinema | m2 | $3660 | * | $3850 | $2890 | $3890 | $2780 |
Miscellaneous
| Unit | Sydney | Brisbane | Melbourne | Perth | Adelaide | Canberra | |
|---|---|---|---|---|---|---|---|
| Single storey tavern | m2 | $3110 | $4310 | $3080 | $4390 | * | * |
| Single storey service station | m2 | $2450 | $2460 | $2430 | $2370 | * | * |
| Single storey aged persons home infirmary | m2 | $3340 | $2550 | $3310 | $2550 | $3270 | $2430 |
| Single or double storey aged person housing units | m2 | $2640 | $2830 | $2620 | $2640 | $3480 | $2780 |
| Church hall (standard) | m2 | $2040 | $1660 | $2020 | $1540 | $1500 | $1390 |
| Church (basic design) | m2 | $2450 | $2210 | $2430 | $1990 | $2860 | $2090 |
| Church (high quality) | m2 | $5180 | $4480 | $5130 | $4160 | $3890 | $3400 |
| Standard amenities block minimum finishes | m2 | $4020 | $3810 | $3980 | * | $3200 | $2090 |
Ask us anything
If we have not been able to answer your query above, it is best to contact a member of our team by clicking on the following link
Purchase a residential tax depreciation report
Silver
$395+GST
Gold
$495+GST
Platinum
$695+GST
Our packages include:
Detailed Report
You will receive a comprehensive 40-year schedule for both prime cost & diminishing value methods. Also, we utilise Low-Value Pooling and Immediate Write-offs
Maximum Deductions
We utilise the current ATO Tax legislation, which changes annually. This ensures our clients receive maximum benefit and returns.
Capital Works
Many properties will have undergone some cosmetic work. Therefore, our team will ensure this cost is calculated and included in your report.
Shared Assets
If you own a property with common areas, you will be entitled to claim a percentage of these assets based on your lot entitlement.
Free Updates
As a valued client, we will update your schedule Free of charge whilst you are the owner of the property.
Site Inspection
A qualified surveyor will carry out your site inspections both virtually and physically. Also, if no site survey is required, you will be offered a discounted fee.
Furniture
For furnished property, we will include the assets in your report at no extra cost.
Scrapping
If you own a property with common areas, you will be entitled to claim a percentage of these assets based on your lot entitlement.
*Inclusions might differ based on which package you purchase.