9 Olympic Way, CRAIGIEBURN VIC 3064
Development Feasibility Analysis in Craigieburn, VIC
CDZ1 zoning on this 609 sqm Craigieburn site supports three townhouses, but the project is unprofitable at a -32.4% margin. Total costs of $2,556,478 are $828,478 above revenue of $1,728,000. Townhouses at $576,000 each generate too little revenue to justify $546,000 in land acquisition plus construction costs for three dwellings.
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Frequently Asked Questions
Is the 3-townhouse project at 9 Olympic Way viable?
No. Net loss is $828,478 at -32.4% margin on total costs of $2,556,478.
What zone applies and what does it permit?
CDZ1, which permits residential townhouse development. Three townhouses are the assessed format for this 609 sqm site.
Why is the margin worse here than at 17 Beau Vista Drive?
17 Beau Vista Drive has 4 dwellings generating $2,304,000. This site has 3 dwellings generating $1,728,000. Despite lower land at $546,000 versus $480,000, the fewer dwellings deepen the loss margin.
What is the per-townhouse sale price used in Craigieburn?
$576,000 per dwelling, benchmarked against local residential sale values.
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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).