7 Julie Road, CROYDON VIC 3136
Development Feasibility Analysis in Croydon, VIC
This 821 sqm GRZ1 site in Croydon is modelled as a 6-apartment project with total costs of $4.02 million and projected revenue of $3.41 million. The result is a net loss of $618,161, producing a negative margin of 15.4%. At $567,601 per apartment, sale prices do not cover construction and land costs, making this project unprofitable under current market assumptions.
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Frequently Asked Questions
Is this Croydon site viable for apartment development?
No. The feasibility model returns a net loss of $618,161 on total costs of $4.02 million. The 15.4% negative margin indicates the project is not financially viable.
How many apartments does this site support?
The 821 sqm GRZ1 site is modelled for 6 apartments. Each is benchmarked at a sale price of $567,601.
What is the land price used in this analysis?
Land is valued at $600,000. Combined with construction costs, total project expenditure reaches $4.02 million against revenue of $3.41 million.
What would need to change to make this project work?
Sale prices would need to increase substantially, or land acquisition costs would need to fall. A reduction in land price of roughly $650,000 or an equivalent uplift in sale values would approach breakeven.
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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).