52 Winston Drive, DONCASTER VIC 3108
Development Feasibility Analysis in Doncaster, VIC
This 713 sqm GRZ2 block in Doncaster is assessed for 3 townhouses totalling $3.72 million in project costs. At $1,125,000 per townhouse, revenue reaches $3.38 million, returning a net loss of $341,495 and a negative margin of 9.2%. Land at $966,000 is high for a 3-dwelling yield in this zone.
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Frequently Asked Questions
What is GRZ2 zoning in Doncaster and how does it differ from GRZ1?
GRZ2 is General Residential Zone 2. It typically permits medium-density development but may have different minimum lot sizes or height controls compared to GRZ1, depending on the local planning scheme.
What is the net loss on this project?
$341,495. Total costs are $3.72 million and total revenue is $3.38 million, a negative margin of 9.2%.
How does land cost affect the margin here?
Land at $966,000 for a site yielding only 3 townhouses is the main constraint. The land cost per dwelling is $322,000, which is high relative to the $1,125,000 sale price when construction costs are also factored in.
Would a 4-townhouse yield change the outcome?
A fourth dwelling would add roughly $1.125 million in revenue. After additional construction costs of approximately $600,000 to $700,000, this could push the project close to a 10% to 15% margin, assuming the site area permits it.
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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).