38 Manmarra Crescent, EIGHT MILE PLAINS QLD 4113
Development Feasibility Analysis in Eight Mile Plains, QLD
Zoned low-medium density residential, this 3,789 sqm Eight Mile Plains site is modelled for 12 apartments at $618,046 each. Total project revenue of $7,416,552 exceeds costs of $6,865,469 by $551,082, a margin of 8.0%. The land price of $564,000 is a modest portion of the overall project budget.
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Frequently Asked Questions
Is 38 Manmarra Crescent a viable development site?
The verdict is marginal. The 8.0% margin is below the 15% typically required to justify development risk.
What project type is modelled?
A 12-unit apartment complex on a 3,789 sqm lot.
What is the total cost and total revenue?
Total cost $6,865,469; total revenue $7,416,552.
What suburb median prices apply?
Eight Mile Plains median house price is $786,000 and median unit price is $650,575.
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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).