How Much Does It Cost To Build A Townhouse In Melbourne?
After winning “Most liveable city in the world” 8 years in a row it’s no surprise Melbourne is a popular location for unit developments. Melbourne townhouse developments offer the potential of an impressive ROI with all the benefits of a family lifestyle alongside city life thanks to the prime location of surrounding suburbs.
Before delving too deep into your first unit development in Melbourne we recommend first getting a professional estimate on the total cost of your new Melbourne townhouse and potential ROI. Even in the most liveable city in the world, not every unit development will be worth your limited time and money.
What determines the total cost of Unit Developments?
Your new unit development involves subdividing a well-sized block of land and building townhouses. With each block of land bringing its own unique challenges the total cost of your Melbourne townhouse is difficult to determine without speaking to a specialised Melbourne Townhouse Builder.
Here are the different factors of your land that will impact the cost of your Unit Development:
- Location
- Size
- Shape
- Frontage
- Slope
- Orientation of the land
- Neighbouring properties
- Easements and verge items
- Overlays
Does your block of land have neighbouring properties or an easement? Is it sloped or an odd shape? While these different factors may be seen as negatives by some investors the right Melbourne Townhouse Builder will be able to create a custom design perfect for your block.
For a reliable and efficient costing of your unit development that takes into consideration the unique challenges of your land we recommend speaking to a Melbourne dual occupancy builder. These Melbourne townhouse specialists will be able to estimate the potential of your unit development with a free feasibility assessment.
Get a free feasibility assessment today with dual occupancy builders in Melbourne.
A feasibility assessment ensures your unit development is financially viable. It will incorporate individual cost categories and provide an accurate vision of the value of your development.
Here is a breakdown of the costs involved in building a Melbourne townhouse:
- Land costs: Includes the cost to buy the land and stamp duty.
- Finance costs: Your initial deposit, as well as any loan fees, interest rates for both land and construction, and lender’s mortgage insurance (LMI) if applicable.
- Construction costs: Includes everything from building design, planning assistance, and permits to site costs, materials, fixtures, and fittings.
- Fees and taxes: Include bank fees, subdivision costs, Open Space Contributions, and legal fees.
Click here to get a free feasibility assessment with Delcon Design and Construct, a Melbourne townhouse builder who specialises in optimising Melbourne developments for a high ROI.
Start designing your unit developments now to ensure a high ROI.
Maximising your Melbourne townhouse ROI begins in the planning and design stage. Understanding the nuances of council requirements, zoning and preventing problems from occurring during construction will ensure your build is completed on time and on budget. A high ROI also relies on great design and creating a space that will appeal to the right market.
Whether your block is sloped with an easement or is south facing instead of north facing a Multi Unit Builder in Footscray, Williamstown or Yarraville will work with you to create the perfect multi-unit development design that is functional, energy efficient and aesthetically appealing.
Begin designing your 2022 unit developments now with a specialised Melbourne townhouse builder who understands that no two unit developments are the same.
delcon Design and Construct are Multi-Unit Builders in Melbourne who have never built the same development twice in 10 years. We will guide you through a comprehensive property development journey that begins with a free feasibility assessment. Enjoy a high ROI with well-designed unit developments even with the unique challenges of your block of land.
Contact Delcon Design and Construct today on 1800 DELCON (1800 335 266) or get in touch via email.