21 Jane Street, BERWICK VIC 3806
Development Feasibility Analysis in Berwick, VIC
RGZ2 zoning allows higher density, but this 794 sqm Berwick site cannot support a profitable 8-apartment project at current values. Total project cost reaches $5,117,743 against revenue of $4,461,200, producing a net loss of $656,543. The margin is -12.8%, and the project is not viable without a lower entry price.
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Frequently Asked Questions
How does the 8-apartment project perform financially at 21 Jane Street?
It produces a net loss of $656,543. Total cost is $5,117,743 and total revenue is $4,461,200, giving a margin of -12.8%.
What zone applies and what density does it permit?
The site is in RGZ2 (Residential Growth Zone 2), which supports medium to higher-density residential development.
What is the per-apartment sale price used in this analysis?
$557,650 per apartment. At this price, 8 dwellings generate $4,461,200 in total revenue, which is insufficient to cover project costs.
Could a smaller project improve viability here?
Reducing apartment count would lower total revenue proportionally. The fundamental issue is that the sale price per unit does not support the construction and land cost structure in this suburb.
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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).