52 Springlake Avenue, CAROLINE SPRINGS VIC 3023
Development Feasibility Analysis in Caroline Springs, VIC
A 6-apartment GRZ1 project on 707 sqm in Caroline Springs, this assessment returns a loss of $1,288,425 at -33.4%. Total revenue of $2,565,000 falls well short of the $3,853,425 total cost. Sale prices at $427,500 per apartment reflect the current market in this suburb, and they do not support apartment construction economics.
Loading interactive analysis...
Frequently Asked Questions
Is the 6-apartment project at 52 Springlake Avenue viable?
No. Net loss is $1,288,425 at -33.4% margin. Revenue of $2,565,000 is $1,288,425 below total costs.
What is the per-apartment sale price used?
$427,500. This is the Caroline Springs benchmark. Six apartments generate $2,565,000 in total revenue.
How does the land cost compare to Mokoan Close?
Land here is $540,000 versus $678,000 at 2 Mokoan Close. The $138,000 lower land cost reduces the loss by approximately $148,000, but the project remains deeply unprofitable.
What zone is this site in?
GRZ1, the same as most other Caroline Springs sites in this analysis.
More Reports in Caroline Springs
Nearby Suburbs
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).