28 Massachusetts Court, VARSITY LAKES QLD 4227
Development Feasibility Analysis in Varsity Lakes, QLD
Varsity Lakes' low-medium density zone supports a 4-unit apartment project on this 908 sqm site, but the project is essentially at breakeven with a $3,834 loss. Total costs of $3,024,834 against revenue of $3,021,000 produce a negative 0.1% margin. At $755,250 per apartment and $772,500 land cost, the project has no feasible margin.
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Frequently Asked Questions
Is the apartment project at 28 Massachusetts Court viable?
No. The project is effectively at breakeven with a $3,834 loss and a negative 0.1% margin.
What is the apartment sale price?
$755,250 per unit.
What is the land cost?
$772,500 for the 908 sqm block.
What would make this project viable?
Even a modest reduction in land cost to $650,000 or an increase in apartment prices to $810,000 per unit would produce 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).