PHILIP STEJSKAL ARCHITECTURE
Q2: What are the typical square metre rates for a new build / renovation?
Our projects have construction square metre rates of about $4,500 to $5,500 at the moment (Feb 2023), but these are subject to change in response to a range of factors beyond our control, including labour costs, material costs and supply issues, and overall demand within the construction industry.
The impacts of Covid-19 on global supply chains and local labour markets have pushed up residential construction costs in the past two years, and forecasts suggest that these pressures will continue to impact the sector for some time yet.
The impacts of Covid-19 on global supply chains and local labour markets have pushed up residential construction costs in the past two years, and forecasts suggest that these pressures will continue to impact the sector for some time yet.