3 Caloola Avenue, OAKLEIGH VIC 3166
Development Feasibility Analysis in Oakleigh, VIC
A 887 sqm TRZ2 block in Oakleigh, this site is assessed for 4 townhouses at a total cost of $4.82 million. Revenue at $1,143,900 per dwelling totals $4.58 million, producing a net loss of $247,724 and a negative margin of 5.1%. Land at $1,176,000 is priced above the level supportable by four townhouses at the local sale price benchmark.
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Frequently Asked Questions
Why does this site return a loss when the larger Oakleigh site is marginal?
Land is priced at $1,176,000 here versus $953,250 at Atkinson Street. Both have the same sale price benchmark of $1,143,900. The higher land cost pushes this site from marginal to unprofitable.
What is the development margin?
Negative 5.1%. Net loss is $247,724 on total costs of $4,823,324.
How many townhouses are assessed for this 887 sqm TRZ2 site?
Four townhouses. TRZ2 permits medium-density development, and 887 sqm supports four dwellings under the model parameters.
What land price would make this project viable?
To achieve a 15% margin on 4 townhouses at $1,143,900 each ($4,575,600 total revenue), total costs must be under $3.98 million. That implies a land budget under $730,000, compared to the assessed $1,176,000.
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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).