45 North Shore Avenue, VARSITY LAKES QLD 4227
Development Feasibility Analysis in Varsity Lakes, QLD
This 637 sqm Varsity Lakes site is modelled for a duplex, but the project is deeply unprofitable with a $802,982 loss at negative 30.2% margin. Total costs of $2,656,982 against revenue of $1,854,000 reflect the mismatch between land at $996,000 and duplex sale prices of $927,000 per unit. Two dwellings cannot generate enough revenue to justify a $996,000 land cost.
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Frequently Asked Questions
Is a duplex at 45 North Shore Avenue viable?
No. The project loses $802,982, the largest absolute loss among Varsity Lakes sites, at negative 30.2% margin.
What is the sale price per duplex unit?
$927,000 per dwelling.
What makes this site particularly poor value for development?
Land at $996,000 is too expensive for a 2-dwelling project where total revenue is only $1,854,000.
What is the site area and zone?
637 sqm in Varsity Lakes' 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).