45 Majorca Crescent, VARSITY LAKES QLD 4227
Development Feasibility Analysis in Varsity Lakes, QLD
A 4-apartment development is modelled on this 887 sqm Varsity Lakes site, returning a nominal $3,834 loss at negative 0.1% margin. Total project cost of $3,024,834 is almost exactly matched by revenue of $3,021,000. Land at $772,500 and apartment prices of $755,250 each produce essentially no profit.
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Frequently Asked Questions
Is the apartment project at 45 Majorca Crescent viable?
No. It loses $3,834 on $3,024,834 total costs, a negative 0.1% margin.
What is the sale price per apartment?
$755,250 per unit based on Varsity Lakes sales.
What is the site area?
887 sqm in the low-medium density residential zone.
Why is the loss so small compared to other Varsity Lakes sites?
The land cost of $772,500 is the same as 28 Massachusetts Court but the smaller site at 887 sqm carries the same project economics, resulting in an identical near-zero outcome.
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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).