9 Costello Court, ORMEAU QLD 4208
Development Feasibility Analysis in Ormeau, QLD
A 4-townhouse development is modelled on this 1,082 sqm Ormeau site, returning a $815,128 loss at a negative 21.8% margin. Total project cost is $3,741,028 against revenue of $2,925,900. Land at $609,562 is more affordable than other Ormeau sites, but townhouse sale prices of $731,475 each still cannot support the project economics.
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Frequently Asked Questions
Is a 4-townhouse project at 9 Costello Court viable?
No. It produces a loss of $815,128 on $3,741,028 total cost, a negative 21.8% margin.
What is the sale price per townhouse?
$731,475 per dwelling, the Ormeau comparable benchmark.
How does this compare to 18 Haase Crescent nearby?
Lower land cost at $609,562 versus $738,000 reduces the loss by $137,000, but the project remains deeply unprofitable.
What site area and zone apply?
1,082 sqm in Ormeau's 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).