construction cost
The Top Five Reasons Why Your Construction Cost Estimate Is Likely to Blow Out
With house prices sky-rocketing in the past twelve months, many people are now looking at other options for getting into the residential property market. While house and land packages are still popular, increasingly people are looking at substantially renovating their own properties, or even buying old properties and renovating or rebuilding. These are all great…
Read MoreThere’s No Silver Bullet for Rising Building Costs, but Having a Detailed Construction Cost Estimate is a Good First Step
It’s been tough reading the news lately. Recent coverage of the war in Ukraine and the devastating impact of the floods in Queensland and New South Wales has pushed reports of COVID cases and lockdowns down the rankings, at least for the time being. It’s enough to make us yearn for the daily briefings from…
Read MoreWhy You Need to Understand Your Commercial Construction Cost Well Before You Break Ground
If you’ve been paying attention to your superannuation or share portfolio balance over the past few weeks you’ve probably noticed the Australian stock market has had a bumpy ride. There’s many reasons for that, but one worth noting in relation to the property market is the current volatility in iron ore, steel and lumber costs.…
Read MoreSet your project up for success with a reliable construction cost estimate
Imagine you are building your dream house. The one you’ve been thinking about for as long as you can remember. The whole family is on board. You know how many bedrooms and bathrooms it needs to put an end to shared rooms and bunk beds. You’ve included a butler’s pantry, and a walk-in robe, and…
Read MoreHow Professionals Keep Up with Construction Cost
Maintaining a successful career as a recognised specialist requires constant improvement. You certainly wouldn’t want your brain surgeon to have finished their residency in 1980 and then thought, “That’ll do for study – pretty much got it nailed I reckon!” But it’s not just about keeping your licence, registration and training up to date. Being…
Read MoreMitigating Your Development Risk with a Comprehensive Construction Estimate
Have you ever noticed on TV house renovation shows that they rarely talk about the budget? Sure, they look at what price they want to get at auction and how much increase that is over the original purchase price (conveniently excluding oh so many costs along the way), and every now and then they rejig…
Read MoreRenovation Cash Grants – Please, Prime Minister, I want some more
I went out for dinner last night. This would not normally be a news story, but in the current landscape, I could write an article just about that!!!!! Fresh in the back of my mind was the article that I recently wrote for the Australian Financial Review, about the Federal Government’s announcement on Monday of…
Read MoreCoronavirus creates the most competitive building environment since the GFC
A study by MCG Quantity Surveyors has revealed property owners are now securing the most competitive building and renovation environment in almost a decade. MCG Quantity Surveyors were recently featured in the Australian Financial Review on the back of their recent analysis of construction contracts prompted a survey of builders which revealed most are dramatically…
Read MoreWithout COVID-19,we were going to be having a great year in Building!
If we compare the number of homes that commenced construction in 2018, compared to 2019, 2018 wins. In fact, the total number of homes that commenced construction in 2019 was 174,246. The total number of new homes that commenced construction in 2019 was 22.6 percent lower than in 2018. So, over the full year, 2019…
Read MoreYou Have Missed The Boat There Is An Embargo – Insurance update
The bushfires have steadied, the fires that were out of control are now under control, if not now largely all extinguished. It is now time for the long road to recovery. Many endless hours of insurance assessing, demolition of existing destroyed properties, delays due to contaminated waste (older house with asbestos), thousands of kilometres of…
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