41 King George Parade, DANDENONG VIC 3175
Development Feasibility Analysis in Dandenong, VIC
This 584 sqm GRZ1 block in Dandenong is assessed for a single house and land project at a total cost of $1.23 million. The single dwelling is benchmarked at $740,250, producing a net loss of $488,468 and a negative margin of 39.8%. High land cost at $456,000 relative to end value is the primary reason this project is not viable.
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Frequently Asked Questions
Is a single house and land project viable on this Dandenong block?
No. At a total cost of $1.23 million and a sale price of $740,250, the project returns a net loss of $488,468, a negative 39.8% margin.
Why is a house and land package assessed here rather than multiple dwellings?
At 584 sqm, the GRZ1 block supports a single dwelling under the feasibility parameters applied. Site width and configuration may also limit subdivision potential.
What is the land value used in this assessment?
$456,000. This represents a large portion of the $1.23 million total cost relative to the $740,250 end sale price.
What sale price would make this project break even?
Revenue would need to reach approximately $1.41 million to achieve a 15% development margin, which is roughly twice the current assessed sale price for a single dwelling in this area.
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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).