1 Princes Circuit, CRAIGIEBURN VIC 3064
Development Feasibility Analysis in Craigieburn, VIC
CDZ1 zoning on this 646 sqm Craigieburn site supports a 4-apartment project, but the result is deeply unprofitable. Total costs of $2,753,633 far exceed revenue of $1,616,900, producing a loss of $1,136,733 at -41.3%. Four apartments at $404,225 each generate only $1,616,900, the lowest revenue of any Craigieburn site in this analysis.
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Frequently Asked Questions
Is the 4-apartment project at 1 Princes Circuit viable?
No. Net loss is $1,136,733 at -41.3% margin. It is the deepest loss in Craigieburn when measured by margin percentage.
What is the per-apartment sale price and how does it affect the project?
$404,225 per apartment. Four apartments produce only $1,616,900, which does not come close to recovering the $2,753,633 total cost.
What zone applies?
CDZ1. The zone permits apartment development, but Craigieburn's $404,225 apartment benchmark makes it economically unviable.
What is the land price at this address?
$522,000 for 646 sqm. Even the land cost alone represents 32% of the total projected revenue of $1,616,900.
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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).