53 Golf Links Avenue, OAKLEIGH VIC 3166
Development Feasibility Analysis in Oakleigh, VIC
Oakleigh's GRZ3 zone restricts development density, and this 723 sqm block supports only three townhouses at the modelled configuration. Total project cost reaches $4,025,085 against revenue of $3,431,700, producing a loss of $593,385. The development is unprofitable at a negative 14.7% margin under current land and construction costs.
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Frequently Asked Questions
How many townhouses can fit on this 723 sqm Oakleigh block?
The model calculates three townhouses under the GRZ3 zoning controls.
What is the estimated profit or loss for this development?
The project produces a net loss of $593,385, equivalent to a negative 14.7% margin.
What are the expected sale prices per dwelling?
Each townhouse is benchmarked at $1,143,900 based on comparable Oakleigh sales.
Why is this project not viable?
The land price of $1,245,000 on a 723 sqm block pushes total costs well above achievable sale revenues.
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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).