29 Oxford Avenue, BANKSTOWN NSW 2200
Development Feasibility Analysis in Bankstown, NSW
This 778 sqm R2 site in Bankstown supports a duplex with 2 dwellings priced at $1,237,500 each. At a total project cost of $3,064,369 against $2,475,000 revenue, the model returns a loss of $589,369. The development margin is negative 19.2%, making this project unprofitable under current land pricing of $1,068,000.
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Frequently Asked Questions
Is a duplex on this site financially viable?
No. The project produces a net loss of $589,369 on total costs of $3,064,369, giving a margin of negative 19.2%.
What is the land price used in this analysis?
The land is valued at $1,068,000, which is the primary driver of the cost overrun.
What sale price was assumed per dwelling?
Each duplex half is benchmarked at $1,237,500, giving total revenue of $2,475,000 across both dwellings.
What would need to change for this project to break even?
Either the land acquisition cost needs to fall by roughly $589,000, or dwelling sale prices need to rise significantly above current Bankstown benchmarks.
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DISCLAIMER: This analysis is generated by automated algorithms for informational purposes only. It does not constitute financial, investment, or legal advice. Actual development costs, revenues, and returns may vary significantly from these estimates. Users should consult qualified professionals including a registered quantity surveyor, accredited town planner, and solicitor before making any investment decisions. DA Leads Australia Pty Ltd holds no Australian Financial Services Licence (AFSL) and is not authorised to provide financial product advice under the Corporations Act 2001 (Cth).