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A guide to calculating the Replacement Value of your Home

The replacement cost of your Home may vary depending on its design, features, fixtures and fittings. By following a few easy steps below, this guide is designed to help you calculate the replacement costs of your Home Building. If you are unsure, we recommend that you obtain a professional valuation by contacting a builder or expert.

The Home Building costs shown are based on upper estimates for a medium standard finish house from Rawlinsons Australian Construction Handbook (2004). The amounts given reflect average building costs in Capital Cities and Country Towns. For example, more remote areas may result in higher building costs. Also, building costs shown do not include permanent improvements such as garden sheds, driveways, fences, heating, air conditioning, swimming pools, spas, unique features such as split levels, full bathroom tiling, terracotta tiles etc.

To begin:

Calculate the size of your Home in square metres. You can do this by measuring the home from the outside or from your house plans if you have them.

Using the above example, the size of your Home is: A (10 x 10 = 100) + B (5 x 20 = 100) = 200 metres square

Once you have your measurements, enter them here:

    Area of Home     m2      

Add the area of any separate garages and domestic sheds and remember to add values for any in-ground or fixed swimming pools, saunas, spas (including their pump motors and filters), fixed barbeques, clotheslines, and external blinds and awnings. Add a % for any difficult site allowance and other unusual home feature e.g. steep land lot.

    Pool $     (typical pool value $15,000)
  Fencing $    
  Outbuildings $    

From the following dropdowns, choose the one that best matches the location of your Home, and the construction type of your external walls. Our estimate will be based on a cost per square metre and include GST.

  Select the region that your Home is located in      
  Select the construction type of your home      

Your estimated Home sum insured: $

(Note: The above information is provided as a guide only)

Product Disclosure Statement

Home and Contents insurance is issued by Suncorp Metway Insurance Ltd ABN 83 075 695 966. Please read the Product Disclosure Statement (PDF 306k) before you make any decisions regarding the product. Contact us for a copy.