HERC Index for Project 5 – Northern Districts

Source: Cape Cod Australia www.capecod.com.au

HERC Index Renovation Price Details: Project 5

This information sheet describes one of the home addition projects making up the HERC Index and is based on an actual renovation project, re-priced at current rates.
Prices shown are inclusive of all costs of the First Floor Addition, not just building cost. These costs include design, documentation, council fees, engineering, inspections and other compliance costs.

PROJECT 5 COST OF RENOVATION WORKS*

September 2018

$185,179

September 2017

$177,632

Change

▲ 4.25%

m2

56.7m2

house

Free-standing

bedrooms

3 Bedrooms

The first floor addition to this vinyl-clad home included a Master bedroom with built in robes, second bedroom with built in robes, bathroom, and sitting room leading to a large balcony area. The addition was built from a lightweight timber-framed construction, vinyl-clad to match the existing structure.

Property Details

Region Northern Districts
House Type Free-standing
HOME ADDITION DETAILS
External Finish Render, acrylic
Added Size (FF) 56.7m2
Bedrooms 3rd, 4th, 5th
Other Rumpus, Shower room

* Note: Prices quoted are for the First Floor Addition component and stairs/stairwell only. Many people take the opportunity to re-model their existing layout by removing walls; upgrading bathroom/kitchen, for example. This of course comes at a cost which is often more than $10,000 and depending on the extent of renovation works may be considerably higher.