52 Ellendale Circuit, EIGHT MILE PLAINS QLD 4113
Development Feasibility Analysis in Eight Mile Plains, QLD
Eight Mile Plains' low-medium density zone supports a 12-unit apartment project on this 3,789 sqm site. Total revenue of $7,416,552 against costs of $6,865,469 delivers $551,082 net profit at an 8.0% margin. At $564,000, land is relatively affordable, and each apartment is modelled at $618,046 against a suburb median unit price of $650,575.
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Frequently Asked Questions
Is a 12-unit apartment project at 52 Ellendale Circuit profitable?
Marginally. The project returns $551,082 net profit on $6,865,469 in total costs, an 8.0% margin. Developers typically target 15% to 20%.
What is the estimated sale price per apartment?
$618,046 per unit, below the Eight Mile Plains median unit price of $650,575.
What is the land area?
3,789 sqm, with a purchase price of $564,000.
What drives the tight margin?
Construction costs for 12 apartments are high relative to sale prices in this suburb, leaving limited buffer for contingencies or finance costs.
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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).