3 Mayswood Court, MOORABBIN VIC 3189
Development Feasibility Analysis in Moorabbin, VIC
This 697 sqm NRZ7 block in Moorabbin is assessed for a duplex at a total cost of $2.65 million. Each dwelling is valued at $1,100,250, generating revenue of $2.20 million and a net loss of $453,846, a negative margin of 17.1%. NRZ7 zoning limits the site to two dwellings, and the land cost of $828,000 is high for a two-lot yield in this suburb.
Loading interactive analysis...
Frequently Asked Questions
What is NRZ7 zoning in Moorabbin?
Neighbourhood Residential Zone 7. It restricts residential density, typically limiting sites to two dwellings per lot. This constrains development yield and reduces economic efficiency on higher-value land.
What is the assessed sale price per dwelling in Moorabbin?
$1,100,250. Two dwellings produce total revenue of $2,200,500.
What is the development margin?
Negative 17.1%. Net loss is $453,846 on total costs of $2,654,346.
Would a higher-density zone improve the result?
Significantly. GRZ or TRZ zoning would allow 3 to 4 dwellings on this site. At $1,100,250 per dwelling, 4 dwellings would produce $4.40 million in revenue, likely achieving a positive margin.
More Reports in Moorabbin
Nearby Suburbs
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).