83 Booran Road, CAULFIELD VIC 3162
Development Feasibility Analysis in Caulfield, VIC
NRZ1 zoning on this 626 sqm Caulfield site limits development to a duplex, and the project is unprofitable. Two dwellings at $1,358,325 each produce $2,716,650 in revenue, but total costs of $3,047,011 result in a loss of $330,361 at -10.8%. Land at $1,131,937 makes the two-dwelling format unworkable at current values.
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Frequently Asked Questions
Is the duplex at 83 Booran Road financially viable?
No. Net loss is $330,361 at -10.8% margin on total costs of $3,047,011.
What zone restricts this site to a duplex?
NRZ1 (Neighbourhood Residential Zone 1), which caps yield at two dwellings.
What is the land price and why does it cause a loss?
Land is $1,131,937. With only two dwellings allowed, total revenue of $2,716,650 does not cover land plus construction costs.
How does this compare to the GRZ2 townhouse project at 281 Hawthorn Road?
The GRZ2 site produces $712,662 profit. NRZ1 zoning prevents the higher density that makes development viable in Caulfield.
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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).