11 Kurru Street, EIGHT MILE PLAINS QLD 4113
Development Feasibility Analysis in Eight Mile Plains, QLD
Under Eight Mile Plains' low-medium density zone, a 12-unit apartment development is modelled on this 3,789 sqm site. Project costs total $6,865,469 and revenue totals $7,416,552, leaving $551,082 net profit at an 8.0% margin. Sale prices of $618,046 per apartment are conservative relative to the $650,575 median unit price in the suburb.
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Frequently Asked Questions
What is the development outcome for 11 Kurru Street?
Marginal. Net profit is $551,082 on $6,865,469 total costs, returning an 8.0% margin.
What is the land price?
$564,000 for the 3,789 sqm site.
What apartment sale price is used in the model?
$618,046 per apartment, benchmarked against the $650,575 median unit price in Eight Mile Plains.
How does this site compare to others in the suburb?
Results are consistent across comparable Eight Mile Plains sites at this land price and zone, all returning roughly 8.0% margins.
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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).