If we had a dollar for every time we were asked this question, we’d probably be building houses for free! But in all seriousness, understanding the cost of a new home is key to planning your build and setting clear expectations. Whether you’re building your first home or your forever home, knowing the costs upfront helps you budget wisely and avoid surprises.
For example, a three bedroom house construction in Tasmania should cost anywhere from $437,500 to $1,050,000. This is calculated based on an average-sized three bedroom home of 175sqm (realestate.com.au).
At Platinum Pro Construction, we take the guesswork out of pricing with pre-priced plans starting from approx $2250 per m2, and transparent cost breakdowns throughout the experience. Below, we’ll walk you through what impacts build costs, share real examples from recent Platinum Pro homes, and give you the insight you need to start planning your new home with confidence.
So, where do I start with my budget?
We know how exciting it is to start your building journey (we get excited too!). That’s why we’ve designed our pre-planning process to be clear, detailed, and stress-free. Right from the first meeting, we’ll guide you through every step, so you understand exactly what to expect and what each stage will cost.
Our process starts with an initial consultation and feasibility assessment. Here, we’ll discuss your vision, budget, and site conditions to align your expectations with a realistic build cost.
Since no two homes are the same, pricing varies depending on factors like:
✅ Block type – Flat blocks are simpler to build on than sloping or rural blocks.
✅ Level of finishes – Standard inclusions vs. premium upgrades.
✅ Size & design – Larger, or more complex home costs more per square metre. Also more compact homes can mean a higher per square meter rate, given there is higher value packed into smaller spaces.
According to a recent Realestate.com article, Tasmania’s statewide average cost to build a home ranges from $2,500 to $6,000 per square metre, with high-end builds exceeding $8,000 per square metre depending on materials and complexity. The median home size in Tasmania is 182.4sqm, meaning a new build could cost anywhere between $456,000 and $1,094,400
Below we have a range of homes that Platinum Pro have built on various budgets, to give you an idea of what different prices per square metre will get you. Our plans come with a wide range of inclusions and options, ready for personalisation to suit your style. Don’t forget to review the exclusions to ensure you understand that these will have to be factored into the final price.
Calthorpe – $2,200 – $2,300 per square metre
Calthorpe is a stunning Hamptons-style home built on a flat, fully serviced block.
Included:
✔️ Double glazed windows
✔️ Caesarstone benchtops
✔️ Soft-close drawers & hinges
✔️ Walk-in robe & laundry cabinetry
✔️ Brushed brass fittings & fixtures
✔️ Undercover alfresco
✔️ Hamptons-style feature front door
Exclusions: Driveways, landscaping, sheds, feature lighting.
South -$2,450 per square metre
A 3-bedroom, 2-bathroom home designed for a sloping block.
Included:
✔️ Double glazed windows
✔️ Caesarstone benchtops
✔️ Daikin 8KW heat pump
✔️ Floor-to-ceiling tiles in wet areas
✔️ Silvertop Ash Shiplap cladding
✔️ Satin Chrome fixtures & door hardware
Exclusions: Driveways, fencing, feature lighting.
Pepik – $2,500 – $2,600 per square metre
Pepik is a modern industrial home on a flat, fully serviced block.
Included:
✔️ Double glazed windows
✔️ Matte black/gunmetal grey fittings
✔️ Barn doors & polished concrete floors
✔️ Spotted Gum & Nailstrip cladding
✔️ Brickwork – Daniel Robertson Hawthorn London range
Exclusions: Driveways, Landscaping, sheds, fencing, decks, feature pendant lights, shed
Lillian – $2,400 – 2,500 per square metre
Lillian is modern coastal design that features a split-level due to the sloping block. If you have a sloping block, there are various factors that can influence whether it’s more cost-effective to build a split-level home or a flat home. Building a flat house on a sloping block would require excavating the land to flatten the slope, building retaining walls, and other additional features which can affect the price.
A modern coastal split-level home designed for a sloping block.
Included:
✔️ Double glazed windows
✔️ Butler’s pantry
✔️ Raked ceilings in kitchen, living & dining
✔️ Custom vanities & VJ feature walls
✔️ Ducted heating & floor-to-ceiling tiles
✔️ Silvertop Ash Shiplap cladding, render & reclaimed brick
Exclusions: Driveways, Decks, footpaths, fencing and landscaping.
Extra costs you should take into consideration
Beyond the price per square metre, there are additional costs that may impact your budget:
✅ Soil Quality – If your block requires extra groundwork, costs may increase.
✅ Services & Utilities – Rural blocks may need wastewater treatment or stormwater management ($5,000 – $20,000).
✅ Bushfire or Flood Zoning – If your block has a Bushfire Attack Level (BAL) rating or is in a flood-prone area, extra precautions will be required.
✅ Second Storey Additions – Building a second storey can add up to $1,000 per square metre due to increased complexity (realestate.com)
Platinum Pro’s pre-planning
As part of our pre-planning service, we conduct soil tests and site surveys to avoid costly surprises later. Unlike many builders, we only require a $2,000 deposit at this stage—we cover the remaining $15K+ for design, engineering, and approvals. This can save you money, reduce lender’s mortgage insurance, and even increase your borrowing capacity by up to $100K!We also achieve Building Approval in just 4-6 months—up to 6 months faster than the industry average. Our streamlined approach means you spend less time waiting and more time planning your move!
Ready to build your dream home?
At Platinum Pro Construction, our typical build time is 4-6 months—9-12 months quicker than the Tasmanian industry average. And no, that’s not because we cut corners—it’s because we have a refined, efficient process that ensures high-quality homes without unnecessary delays.
If you’re ready to start designing your new home, get in touch today! Whether you want to modify one of our pre-designed plans or create something unique, we’ll guide you through the process, without hassle or hidden costs.
📩 Email: hello@platinumproconstruction.com.au
📞 Call: 03 6427 2676
It starts with building something incredible, together.
