20b Mernda Avenue, CARNEGIE VIC 3163
Development Feasibility Analysis in Carnegie, VIC
NRZ1 zoning on this 407 sqm Carnegie site restricts development to a duplex, and the project is not viable. Total costs of $2,830,307 exceed revenue of $2,605,500, producing a net loss of $224,807 at -7.9%. The combination of a 407 sqm site and land at $1,068,000 makes a two-dwelling format unprofitable.
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Frequently Asked Questions
Is the duplex at 20b Mernda Avenue viable?
No. Net loss is $224,807 at -7.9% margin on total costs of $2,830,307.
How does the 407 sqm lot size affect this project?
The small site area of 407 sqm limits the dwelling size that can be built under NRZ1, which can reduce sale values and increase per-dwelling construction costs.
What is the land price relative to the sale value?
Land is $1,068,000 and each of the two dwellings is benchmarked at $1,302,750. Total revenue of $2,605,500 does not recover the $2,830,307 in costs.
What zone applies here?
NRZ1 (Neighbourhood Residential Zone 1), restricting development to a maximum of two dwellings per lot.
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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).