66 McDougall Drive, FOOTSCRAY VIC 3011
Development Feasibility Analysis in Footscray, VIC
The largest site in the Footscray sample at 4,556 sqm, this GRZ1 block is assessed for 9 townhouses at a total project cost of $8.20 million. Revenue at $846,000 per townhouse totals $7.61 million, producing a net loss of $583,061 and a negative margin of 7.1%. Despite the larger scale, Footscray townhouse prices at this level do not support a profitable return.
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Frequently Asked Questions
Does the large site area improve feasibility for this Footscray project?
Not sufficiently. While 9 townhouses spread the $570,000 land cost effectively, the $846,000 townhouse sale price is too low relative to total construction costs to generate a positive margin.
What is the land cost per townhouse on this site?
$63,333 per dwelling from a $570,000 land acquisition. This is low, but construction costs of approximately $700,000 to $800,000 per townhouse still push total costs above revenue.
What is the total project cost for 9 townhouses?
$8,197,061. Revenue of $7,614,000 falls short by $583,061.
Would increasing the number of dwellings improve the outcome?
Not necessarily. The negative margin is driven by the relationship between sale price and construction cost per dwelling. Adding more townhouses at the same cost-to-revenue ratio would not change the margin percentage.
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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).