Your Favourite Homes, Custom Home Builder Melbourne

How much does it cost to build or renovate in Melbourne in 2026? 🏡

It is one of the first questions we are asked—and one of the hardest to answer with a single number.

According to Archicentre Australia’s CostGuide 2026, indicative costs are currently:

🏗️ New construction & extensions: $2,700–$5,100/m²
🔨 Renovations: $1,600–$3,900/m²
🛁 Bathroom / ensuite: $17,500–$35,000
🍽️ Kitchen: $23,000–$49,000
🧺 Laundry: $10,000–$19,000

But here is the important part: your floor area is only one piece of the puzzle.

Site conditions, access, design complexity, structural requirements, material selections and the level of finish can significantly affect the final construction cost.

At Your Favourite Homes, we believe good projects start with understanding the site, the numbers and what you are actually trying to achieve—before rushing into construction.

📍 Building, renovating or developing in Melbourne or the south-eastern suburbs?

Let’s talk about your project.

A short video by the BPC explaining how unenclosed shower floor waterproofing should be done — and why it matters.

If you’re building or renovating, this is well worth a watch.

Waterproofing of shower areas How watertight is your knowledge of the NCC?

An incredible night at the EWIT Gala celebrating women in trade! Huge thanks to Master Builders Victoria for the tickets