27 Burleigh Road, MELTON VIC 3337
Development Feasibility Analysis in Melton, VIC
This 592 sqm GRZ1 site in Melton is assessed for 3 apartments, the smallest yield in the Melton sample. Total costs of $2.03 million against revenue of $1.06 million produce a net loss of $963,559 and the largest negative margin in the Melton group at 47.6%. Even at 3 dwellings, construction costs far exceed achievable sale prices.
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Frequently Asked Questions
Why is the margin worse on 3 apartments than on 6 or 10 apartments in Melton?
Fixed project costs including preliminaries, design, and site works are spread across fewer dwellings. The cost per apartment rises on a smaller project, worsening the margin.
What is the apartment sale price used in this assessment?
$354,112. Three apartments produce total revenue of $1,062,336.
What is the land cost relative to the sale price?
Land is $357,000, which already exceeds the revenue of a single apartment at $354,112. The project cannot recover even land cost on a per-unit basis.
What is the total project cost?
$2,025,895. Revenue of $1,062,336 falls short by $963,559, a negative 47.6% margin.
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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).