2 Highview Drive, DONCASTER VIC 3108
Development Feasibility Analysis in Doncaster, VIC
This 1,074 sqm GRZ1 site in Doncaster is modelled for 4 townhouses at a total project cost of $4.60 million. Revenue at $1,125,000 per townhouse totals $4.50 million, producing a marginal loss of $99,871 and a negative margin of 2.2%. The project is close to breakeven, but the land cost of $978,000 leaves insufficient room for a viable developer return.
Loading interactive analysis...
Frequently Asked Questions
How close is this Doncaster project to being financially viable?
Very close. The negative margin is 2.2%, a shortfall of $99,871 against total costs of $4.60 million. A modest reduction in land cost or uplift in sale prices could shift this to viable.
What is the townhouse sale price benchmark for Doncaster?
$1,125,000 per townhouse. Four dwellings produce total revenue of $4.50 million.
What zone does this site fall under?
GRZ1, General Residential Zone 1. This permits medium-density townhouse development subject to planning approval.
What land cost would make this project profitable?
To achieve a 15% development margin on 4 townhouses at $1,125,000 each, the land would need to be acquired at around $700,000. The current assessment uses $978,000.
More Reports in Doncaster
Nearby Suburbs
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).