18 Haase Crescent, ORMEAU QLD 4208
Development Feasibility Analysis in Ormeau, QLD
This 1,116 sqm Ormeau site is modelled for 4 townhouses at $731,475 each, but project costs of $3,878,403 far exceed revenue of $2,925,900. The resulting loss of $952,503 represents a negative 24.6% margin. Land at $738,000 is priced well above what the local townhouse market can support for a 4-dwelling project.
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Frequently Asked Questions
Is the townhouse project at 18 Haase Crescent viable?
No. The project loses $952,503, a negative 24.6% margin on $3,878,403 total cost.
What sale price is used per townhouse?
$731,475 per dwelling based on Ormeau comparable sales.
What is the primary driver of the loss?
Land at $738,000 combined with construction costs for 4 townhouses exceeds revenue by nearly $953,000.
What is the site area and zone?
1,116 sqm in the low-medium density residential zone.
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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).