47 Fiddes Street, MOORABBIN VIC 3189
Development Feasibility Analysis in Moorabbin, VIC
A 625 sqm HCTZ2 block in Moorabbin, this site is assessed for 4 apartments at a total cost of $3.23 million. Apartments are benchmarked at $700,625 each, generating revenue of $2.80 million and a net loss of $429,369, a negative margin of 13.3%. The apartment format does not suit this site's sale price level relative to construction costs.
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Frequently Asked Questions
Why is an apartment development assessed for this site instead of townhouses?
The feasibility model assigns development type based on zone and site configuration. HCTZ2 at 625 sqm supports apartments under the model parameters.
What is the apartment sale price benchmark for Moorabbin?
$700,625 per apartment. Four apartments generate total revenue of $2,802,500.
How does this compare to the duplex outcomes on other Moorabbin sites?
The duplex sites range from negative 14.6% to negative 20.2%. This apartment project sits at negative 13.3%, marginally better in percentage terms but still not viable.
What is the land cost on this site?
$828,000 for a 625 sqm HCTZ2 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).