Plan your project with real construction cost data
Plan your project with real construction cost data
Plan your project with real construction cost data
Plan your project with real construction cost data
Plan your project with real construction cost data
Plan your project with real construction cost data
Plan your project with real construction cost data
Plan your project with real construction cost data
Plan your project with real construction cost data
Plan your project with real construction cost data
Plan your project with real construction cost data
Plan your project with real construction cost data
Plan your project with real construction cost data
Plan your project with real construction cost data
Plan your project with real construction cost data
Plan your project with real construction cost data
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2026 Market Intelligence

The Honest 2026
Melbourne Price Guide.

Stop guessing what your renovation should cost.

buildALLY publishes current trade rates, material cost movements and council-related allowances to help owner-builders assess quotes with clarity and avoid unnecessary margin creep. All data is based on current market conditions and should be treated as indicative for planning purposes.

The “7-Star” Mandate

What it adds to your extension cost (est. +$18k for a 50m² extension)

Energy efficiency requirements under the 7-Star standard are now mandatory for most Victorian extensions. These requirements typically include upgraded glazing systems, increased insulation performance, and passive design considerations — all of which can materially impact your build cost if not planned early.

The Going Rate

Average licensed carpenter hourly rates in Melbourne (guide)

In 2026, licensed and insured carpenters in Melbourne are typically charging between $95–$115 per hour, depending on scope and specialisation. Rates can vary based on structural framing vs detailed architectural work, project complexity and access, or builder vs independent subcontractor engagement. Understanding these differences is critical when comparing quotes.

Material Creep

Current indexed movement and how to manage pricing risk

Key construction materials such as timber and steel continue to experience price fluctuations driven by supply conditions and demand cycles. buildALLY helps owner-builders understand current pricing trends, identify when to procure materials, and structure orders to reduce exposure to price increases. Early planning and procurement strategy can significantly reduce cost volatility.

The 2026 Cheat Sheet

The benchmarks below are high-level planning ranges based on current Victorian market conditions. For a tailored project calculation, generate your buildALLY Project Blueprint.

Last Updated: Feb 2026
Project TypeIndicative Price (Per m²)Statutory & Permit AllowancePrimary Cost Drivers

Ground Extension

(Structural footprint increase)

From $3,100–$3,800 / m²Allow $4,000–$7,000+Site access, foundation conditions, and roof integration complexity.

First Floor Addition

(Vertical expansion)

From $3,700–$4,700 / m²Allow $7,500–$12,000+Structural steel requirements, load transfer, and staircase integration.

How buildALLY Benchmarks Project Costs

A high-level view of how current Victorian base rates are used to guide early-stage cost estimates across different project types and finish levels.

Project TypologyStandard Finish ($/m²)Mid-Range ($/m²)High-End ($/m²)Notes

Apartment Renovation

$1,400$2,000$3,000+Includes access constraints and service coordination

Internal Renovation

$600$1,000$1,400Kitchen, bathroom and finish upgrades

Full Internal Gut & Rebuild

$1,850$2,600$3,500Strip-back to structure (bare shell)

New Build (Vacant Land)

$2,300$2,950$3,950+Excludes land cost and external works
THE NAL: SHARP CONSTRUCTION INTELLIGENCE

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NAL.

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Updated 2026 VIC buildALLY Data • Melbourne & Victorian Regional Coverage