549 Murray Road, PRESTON VIC 3072
Development Feasibility Analysis in Preston, VIC
Preston's GRZ2 zone accommodates three townhouses on this 740 sqm site. At $976,500 per dwelling, total revenue reaches $2,929,500 against project costs of $3,544,266, producing a $614,766 loss. The negative 17.4% margin places this project firmly in unprofitable territory.
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Frequently Asked Questions
What is the development outcome for this Preston townhouse project?
The project is unprofitable with a net loss of $614,766 and a negative 17.4% margin.
How many townhouses are modelled on this 740 sqm block?
Three townhouses under GRZ2 zoning.
What sale price is used per townhouse?
$976,500 per dwelling, benchmarked against Preston townhouse comparable sales.
What is the land acquisition cost?
Land is modelled at $858,000 for this 740 sqm Preston site.
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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).