59 Peachey Road, ORMEAU QLD 4208
Development Feasibility Analysis in Ormeau, QLD
Ormeau's largest site in this batch at 5,263 sqm is modelled for 14 apartments, but the project is unprofitable at current sale prices. Revenue of $7,000,000 against total costs of $7,739,304 produces a $739,304 loss, a negative 9.6% margin. At $500,000 per apartment, achievable sale prices are too low to recover land, construction, and project costs.
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Frequently Asked Questions
Is the 14-apartment project at 59 Peachey Road viable?
No. The project shows a $739,304 loss on $7,739,304 total costs, a negative 9.6% margin.
What is the estimated apartment sale price?
$500,000 per unit, which is too low to cover development costs at this scale.
What is the land cost and site area?
5,263 sqm at a land price of $609,562.
What would make this project viable?
Apartment sale prices would need to increase to approximately $590,000 per unit, or total costs would need to fall by over $700,000, to achieve a 10% margin.
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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).