51 Ivy Street, INDOOROOPILLY QLD 4068
Development Feasibility Analysis in Indooroopilly, QLD
A 6-unit apartment development is modelled on this 1,201 sqm Indooroopilly site under the low-medium density residential zone. Revenue of $4,617,000 against costs of $4,263,773 returns $353,226 net profit at an 8.3% margin. Land cost is $922,500 and each apartment is priced at $769,500.
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Frequently Asked Questions
Is a 6-unit apartment at 51 Ivy Street viable?
Marginally. The 8.3% margin produces $353,226 net profit, below the 15% developer hurdle rate.
What is the modelled sale price per apartment?
$769,500 per unit.
What is the land area?
1,201 sqm, purchased at $922,500.
What would need to change for this project to be viable?
Either land price needs to fall below approximately $700,000, or apartment sale prices need to rise above $900,000, to push the margin above 15%.
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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).