1. What is Price Per m²?

Price per square meter is a common metric used in real estate to compare property values by standardizing the cost relative to the size of the property. It helps buyers and sellers evaluate property values more objectively across different sizes.

2. How Does the Calculator Work?

The calculator uses a simple formula:

Where:

• Total Price — The complete purchase price in Australian Dollars (AUD)
• Area — The total area of the property in square meters (m²)

Explanation: This calculation standardizes property prices by size, allowing for fair comparisons between properties of different sizes.

3. Importance of Price Per m² Calculation

Details: Calculating price per m² helps in comparing property values across different locations and sizes, identifying value for money, and making informed real estate investment decisions.

4. Using the Calculator

Tips: Enter the total property price in AUD and the property area in square meters. Both values must be positive numbers. The calculator will automatically compute the price per square meter.

5. Frequently Asked Questions (FAQ)

Q1: Why calculate price per m²?
A: It allows for fair comparison between properties of different sizes and helps identify market trends in property pricing.

Q2: What's a typical price per m² in Australian cities?
A: This varies greatly by location, with Sydney and Melbourne typically having higher prices than regional areas (e.g., $8,000-$15,000/m² in prime urban areas).

Q3: Does this work for commercial properties?
A: Yes, but commercial properties often use different metrics (like price per net lettable area) in addition to price per m².

Q4: Should I only consider price per m² when buying?
A: No, it's just one metric. Also consider location, property condition, amenities, and future growth potential.

Q5: How accurate are online price per m² estimates?
A: They provide a general guide, but for precise valuation, consult a professional valuer who considers all property characteristics.