Building a house in Queensland

Building a house is a wonderful way to get the design of home you want in a location you love. While there are many benefits to building, the cost can weigh heavy on some home owners. To guide you along the way, we’ve got calculators, tools and advice to make the build that little bit easier. Plus, our competitive home loan interest rates are designed to save you money so you can walk through the door of your new home sooner.

At RACQ Bank, we’re here every step of the way to help you get the most out of your dream home in Queensland.

How much does it cost to build a house? 

When you’re choosing between building and buying a home, the cost involved with each option will likely play a part in your decision. The cost to build your new house will depend on a few factors. The size of the home, location, slope of the land and materials used all contribute to what you’ll pay. With all this in mind it’s impossible to have a one-size-fits-all quote. Come up with a rough guide you’re happy to pay and have this in mind when you’re chatting to potential builders.

What impacts the cost of building a house? 

The baseline figure for your new home is likely to increase due to unique features in your home, your land and any extras, such as furnishings. To make some budget-friendly choices it can pay to consider a few of the below money-savers:


Whether you use bricks or cladding, the cost to complete your home depends on the cost of the materials you’re using. Sometimes you’ll pay more for a different colour of the same material, so keep this in mind when you’re selecting supplies.


Different contractors and builders will charge different rates so get a quote and compare it to others before you hire.


If you’re building out of the city it may be a little more expensive to have builders on site, materials delivered and utilities connected.

Sloping block

If you have a sloping block usually the cost to build will be a bit more as you’ll need to factor in earthworks and retaining walls.


Fly screens, air conditioning, blinds etc. will all be additional extras you’ll pay which may not be included in the original package.

Number of stories

Double storied homes are much more expensive due to extras like stairs, the additional floor plan and protective equipment needed for the tradies. 

Building a kit home

There’s lots of companies around Queensland who build kit homes on your block, or offer home and land packages. The major perk in using kit homes is you’ll be quoted a pretty accurate price and you’ll be able to walk through a prebuilt house replicating what you’ll end up with. These types of homes are usually built quickly and you can get additional perks like landscaping, driveways and upgraded appliances if you shop around. To make the most of your build check out our budget planner and take control your finances throughout.