1 Hillston Road, MOORABBIN VIC 3189
Development Feasibility Analysis in Moorabbin, VIC
Zoned HCTZ2, this 694 sqm Moorabbin site is assessed for a duplex at a total cost of $2.58 million. At $1,100,250 per dwelling, revenue of $2.20 million produces a net loss of $376,444 and a negative margin of 14.6%. The lower land cost of $756,000 compared to nearby NRZ7 sites reduces the loss, but the duplex yield limits total revenue.
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Frequently Asked Questions
How does HCTZ2 compare to NRZ7 for development in Moorabbin?
HCTZ2 allows medium-density development with more flexibility than NRZ7. However, both sites in this comparison are assessed for a duplex due to site size constraints, so the zone difference has limited practical impact here.
What is the land cost per sqm on this site?
$756,000 on 694 sqm equates to approximately $1,089 per sqm.
What is the net loss compared to the NRZ7 Moorabbin sites?
$376,444 versus $453,846 at Mayswood Court and $557,049 at Grandview Grove. The lower land cost accounts for the reduced loss.
Is there a viable development scenario for this site?
HCTZ2 may support 3 townhouses if the site dimensions allow. At $1,100,250 per dwelling, 3 dwellings would generate $3.30 million in revenue, which may exceed costs depending on the specific planning outcome.
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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).