17 Dickerson Way, CAROLINE SPRINGS VIC 3023
Development Feasibility Analysis in Caroline Springs, VIC
A single house-and-land project in GRZ1, this 508 sqm Caroline Springs site produces a severe loss of $522,949 at -42.1%. The completed property is valued at only $719,250 against total costs of $1,242,199, including $471,000 in land. The sale price does not cover construction and land acquisition at this location.
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Frequently Asked Questions
Is the house-and-land project at 17 Dickerson Way viable?
No. Net loss is $522,949 at -42.1% margin. Total cost is $1,242,199 against a sale value of $719,250.
What is the fundamental issue with this project?
The $719,250 sale value is below the $1,242,199 cost to acquire and build. Construction costs alone likely exceed the target sale price.
What zone applies here?
GRZ1. This does not limit the project type, but the low residential sale values in Caroline Springs make development uneconomic.
How does this compare to apartment projects in Caroline Springs?
The house-and-land format loses $522,949 at -42.1%. Apartment projects in the same suburb lose $1.3 to $1.4 million. All formats show severe losses in Caroline Springs.
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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).