1. What is Cost Per Square Metre?

Cost per square metre is a standard measurement used in Australia to compare property and construction costs. It represents the cost of a property or project divided by its total floor area in square metres.

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• Total Cost — The complete cost in Australian Dollars (AUD)
• Area — The total area in square metres (m²)

Explanation: This calculation helps standardize property costs regardless of size, allowing for fair comparisons between different properties or projects.

3. Importance of Cost Per m² Calculation

Details: Calculating cost per square metre is essential for property valuation, construction budgeting, and investment analysis in the Australian real estate market.

4. Using the Calculator

Tips: Enter the total cost in AUD and the area in square metres. Both values must be positive numbers. The calculator will automatically compute the cost per square metre.

5. Frequently Asked Questions (FAQ)

Q1: What's a good cost per m² for houses in Australia?
A: This varies by location and quality, but typically ranges from $1,500/m² to $4,500/m² for standard homes in major cities.

Q2: Does this include land value?
A: For complete property valuation, yes. For construction costs only, no. Be clear what costs you're including in your calculation.

Q3: How accurate is cost per m² as a metric?
A: It's a useful comparison tool but doesn't account for design complexity, site conditions, or premium finishes that may affect total cost.

Q4: How does Australian cost per m² compare internationally?
A: Australian construction costs are generally higher than Asia but comparable to other developed countries like the US and UK.

Q5: Should I use internal or total area?
A: For residential properties, internal area is standard. For commercial properties, gross floor area is typically used.