Why Use Our Home Building and Finance Calculators?

Our calculators offer accurate, tailored insights to help you make informed financial decisions when building or purchasing a home. Use them to estimate upfront costs like stamp duty, construction fees, and mortgage expenses, whether you're on a fixed-rate loan or considering a variable-rate home loan.

Accurate Estimates

Get reliable estimates for home-building costs, mortgage repayments, and home financing options specifically tailored to the Australian market. These tools help you understand what to expect financially, whether you're estimating loan repayments or building expenses.

Customised for Australian Homeowners

Our calculators are designed to reflect Australian regulations, market conditions, and property costs. Whether it's stamp duty, home loan interest rates, or building costs, our tools are built to help you navigate the unique Australian housing landscape.

Plan Your Budget with Confidence

Use our calculators to confidently plan your home purchase or construction. With insights into your home loan repayments, construction costs, and potential savings, you'll have the financial tools you need to make informed decisions and stay on budget.

Cost of Building a House in Melbourne

Building a house in Melbourne comes with various costs influenced by factors like local labour rates, material availability, and land prices. Understanding these elements will help you plan your budget more accurately and make informed decisions about your project.

Location Within Melbourne

The location of your build within Melbourne plays a significant role in determining costs. Inner-city areas typically have higher prices due to the demand for premium land and skilled labour, while outer suburbs offer more affordable land but may involve extra costs for transportation and site preparation.

• Inner Melbourne: Expect higher costs driven by premium land prices and increased demand for skilled tradespeople. Land is scarce, so if you're building inner city you're likely considering a Knockdown Rebuild. 
• Outer Melbourne: While land is more affordable, additional transportation and site preparation expenses might apply.

Average Construction Costs

In Melbourne, the cost of building a home generally ranges from $1,800 to $3,800 per square metre, depending on the materials and finishes used. Homes with high-end materials or custom features will be on the higher end of this range.

Land Preparation and Site Works

The condition of your land can significantly impact costs. For example, sloped blocks or properties that require extensive preparation—such as demolition or excavation—will incur additional charges. Take the guesswork out of building and be informed knowing we will support and guide you through the whole process. 

Building Materials and Labour

The cost of materials, such as brick, timber, and steel, along with the availability of skilled tradespeople, can fluctuate across Melbourne. Opting for high-end materials or custom finishes will increase your overall budget.

How accurate are the estimates from these calculators?

Our calculators provide approximate estimates based on your input data, but we recommend consulting with a financial adviser for exact figures.

Can I save my calculations for future use?

Yes, you can save or export your results for future reference. Simply use the "Save Results" option on each calculator.

Are the calculators updated for current market conditions?

Yes, we regularly update our calculators to reflect Australia's latest interest rates, property prices, and financial regulations.

What’s the difference between the Mortgage Calculator and the Home Loan Calculator?

The Mortgage Calculator helps you estimate monthly repayments, while the Home Loan Calculator provides a broader calculation, including interest, loan duration, and more detailed loan terms.