3 Louisa Street, BRUNSWICK VIC 3056
Development Feasibility Analysis in Brunswick, VIC
NRZ1 zoning restricts this 581 sqm Brunswick site to a duplex, and the project is unprofitable at current land values. Two dwellings at $1,215,000 each produce $2,430,000 in revenue, but total costs reach $2,657,441, resulting in a $227,441 loss at -8.6%. Brunswick's median house price of $1,350,000 indicates sale values are achievable, but land at $804,000 does not leave enough margin.
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Frequently Asked Questions
Is a duplex at 3 Louisa Street financially viable?
No. The project produces a net loss of $227,441 at a -8.6% margin on total costs of $2,657,441.
What is the Brunswick median house price and how is it used?
Brunswick's median house price is $1,350,000. The $1,215,000 sale price per dwelling is set at 90% of median, a standard feasibility discount.
What zone applies to this site?
NRZ1 (Neighbourhood Residential Zone 1), which limits development to two dwellings on most lots.
What would need to change for this duplex to be profitable?
Land acquisition would need to fall from $804,000 to approximately $575,000, or sale prices would need to rise above $1,328,000 per dwelling to break even.
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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).