26,28,30 Norman Drive, CHERMSIDE QLD 4032
Development Feasibility Analysis in Chermside, QLD
This 607 sqm low-medium density residential site in Chermside produces a duplex loss of $447,178 on $2,314,678 in total costs. Revenue of $1,867,500 from two dwellings at $933,750 each falls short by 19.3%. Land at $674,375 is moderate but Chermside's sale price benchmark does not support the duplex cost structure.
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Frequently Asked Questions
Is a duplex viable in Chermside at this land price?
No. The project records a net loss of $447,178 on total costs of $2,314,678, a negative 19.3% margin.
What zone applies to this property?
Low-medium density residential in Chermside QLD 4032.
What sale price is used per dwelling?
$933,750 per dwelling, giving total revenue of $1,867,500.
What is the land cost?
$674,375 on the 607 sqm Chermside block.
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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).