68 Rosanna Street, CARNEGIE VIC 3163
Development Feasibility Analysis in Carnegie, VIC
NRZ1 zoning on this 815 sqm Carnegie site limits development to a duplex, and the result is unprofitable. Two dwellings at $1,302,750 each generate $2,605,500 in revenue, but total costs of $2,996,348 produce a loss of $390,848 at -13.0%. Land at $1,098,000 is the dominant cost driver against a capped two-dwelling yield.
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Frequently Asked Questions
Is the duplex at 68 Rosanna Street financially viable?
No. Net loss is $390,848 at -13.0% margin. Total cost is $2,996,348 against revenue of $2,605,500.
What zone applies and how does it limit yield?
NRZ1 restricts the site to two dwellings. At $1,302,750 per dwelling, the maximum revenue is $2,605,500, which does not cover costs.
What is the land price at this address?
$1,098,000 for 815 sqm. This is the primary reason the duplex is unprofitable.
Could this site support a different development format?
Under NRZ1, options are limited to two dwellings. A single quality dwelling may return a better result if construction costs can be kept below the $1,302,750 sale benchmark.
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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).