16 Stirling Crescent, GLEN WAVERLEY VIC 3150
Development Feasibility Analysis in Glen Waverley, VIC
This 1,040 sqm NRZ4 block in Glen Waverley is limited to a duplex under the feasibility model. At a total cost of $3.04 million and revenue of $2.71 million at $1,356,210 per dwelling, the project records a net loss of $332,154 and a negative margin of 10.9%. NRZ4 zoning restricts the site to two dwellings, preventing the yield uplift needed to justify the $1,130,175 land cost.
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Frequently Asked Questions
Why is a duplex assessed for a 1,040 sqm site in Glen Waverley?
NRZ4 zoning limits dwellings per lot, typically to two. Despite the relatively generous site area, the zone prevents higher-yield townhouse development.
What is the development margin?
Negative 10.9%. A net loss of $332,154 is recorded on total costs of $3,044,574.
What is the land cost per dwelling on this duplex?
$565,088 per dwelling from a land acquisition of $1,130,175. Combined with construction costs, this exceeds the $1,356,210 sale price per dwelling.
Would rezoning improve feasibility on this site?
Yes. A rezoning to GRZ or TRZ would allow 4 or 5 townhouses on the 1,040 sqm site. At 5 dwellings and $1,356,210 each, the margin would likely be strongly positive.
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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).