62 Kinkora Road, HAWTHORN VIC 3122
Development Feasibility Analysis in Hawthorn, VIC
A 923 sqm NRZ3 block in Hawthorn, this site carries the same feasibility result as the other NRZ3 duplex sites in the suburb. Two dwellings at $1,719,000 each produce revenue of $3.44 million against total costs of $3.46 million, a net loss of $24,585 and a negative margin of 0.7%. The NRZ3 density restriction is the binding constraint across all three sites.
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Frequently Asked Questions
How does this site compare to the other Hawthorn NRZ3 properties?
Identical in financial outcome. All three NRZ3 Hawthorn sites return a negative 0.7% margin and a net loss of $24,585, as they share the same zone, sale price, and land cost inputs.
What is the key takeaway for NRZ3 sites in Hawthorn?
NRZ3 zoning limits yield to two dwellings. At Hawthorn land values, two dwellings do not generate sufficient revenue to cover costs, even at high sale prices of $1,719,000 per unit.
What development format would work better on an NRZ3 Hawthorn block?
A premium duplex with high-end finishes sold above $1,990,000 per dwelling could approach viability. Alternatively, an owner-occupier build rather than a development sale may be more appropriate.
What is the land cost on this site?
$1,432,500 for a 923 sqm block.
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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).