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Development budget checklist

Cost lines to include in a development budget before approaching a construction lender. Use the feasibility calculator to model your own figures.

Preparation checklist. This is not an eligibility or credit assessment and does not predict whether any lender will lend.

Download PDFInteractive checklist

Land and acquisition

  • Land price
  • Transfer duty and registration fees
  • Legal and due diligence costs
  • Holding costs: rates, land tax, insurance and interest until construction starts

Approvals and consultants

  • Architect and design fees
  • Planning consultant and application fees
  • Engineering, surveying and geotechnical reports
  • Council and infrastructure contributions
  • Building surveyor and certification

Construction

  • Building contract sum
  • Variations allowance
  • Contingency
  • Site works and services connections
  • Builder's insurances and home warranty insurance, where required

Finance and sale

  • Interest during construction and how it is capitalised
  • Establishment, line, valuation, quantity surveyor and legal fees
  • Agent's commission and marketing
  • GST payable on sales and the margin scheme position
  • Holding costs for unsold stock after completion