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How much could a house extension cost in 2021?

A quick guide to help you get your finances in order before you start planning your project

According to a 2020 Real Estate AU report, the demand for house extensions and additions soared amidst the pandemic. Many Aussie families jumped at the chance to renovate their homes not only because of the generous HomeBuilder grant, but also because they have so much time in their hands after cancelling travel plans. For many, it was the most convenient time to improve the look and feel of their home.

If you feel like 2021 is the year for you to renovate, then you should do as much research as you can now and act fast as  half of the year has almost gone by! 

Your first focus should be your budget. Find out how much your dream home renovation is going to cost you. Here, we’re going to show you the average cost of a home renovation per state or territory. This way, you can prepare a budget and get your finances in order before commencing with the work.

Average cost of renovating a house in Australia

According to Suncorp Bank, a homeowner spends these much on a renovation project per state:

State  / TerritoryAverage cost of full home renovation
NSW$66,609
WA$54,377
QLD$60,560
VIC$71,067
TAS$67,416
SA$53,524
ACT$58,466

Based on experience, these full home renovation projects often include building flexible / multi-use spaces, improving the current shared living areas, adding a room, and revamping the wet areas such as the kitchen, bathroom, and laundry.

Popular house extension and addition projects

There are many ways to improve your home’s design and function. Below are some of the projects you may ponder on, and how much they could cost:

  • Same-level house extensions This can cost anywhere between $1,350 to $2,100 per square metre. The average cost of this is around $63,188 across the country. Homeowners who choose this often build another room, add a bathroom and expand their current living areas or kitchen by connecting it to their outdoor entertainment area.
  • Second-storey additionThis is a way to potentially double your home’s square footage without taking up more of your garden space. Most Australians spend between $1850 and $3300 per square metre for this kind of project. It can be expensive, with some projects reaching up to $200,000.
  • Garage conversion and extensionsConverting a double garage into a livable space would cost around $32,450. For more information, check out our previous blog about converting your garage into a livable space or into a garage bedroom.
  • Patio extensions This involves both landscaping and hardscaping, building a furnished deck, retaining walls, patio cover, pergolas, outdoor bbq, outdoor kitchen, dining set, heating, and lighting. It costs around $200 to $900+ per square metre.

Planning to extend your home?

There are many homeowners who are dreaming of extending their homes to create more space, but unsure where to start. 

To gain an understanding of what type of extension you can achieve within your budget, speak with an expert in the renovation.

Consider engaging Dreamspace for design services. We have expert renovators on our team who can help you complete your dream home design.

Our building designers will not only help you improve indoor spaces, we’ll also help you transform your outdoor area into a dream space as well. 

If you would like to discuss options and ideas for your house extension and addition project, please call 1300 936 740 or get in touch with us via this form.

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