2 Loddon Avenue, RESERVOIR VIC 3073
Development Feasibility Analysis in Reservoir, VIC
Six apartments are modelled on this 765 sqm GRZ2 site in Reservoir at $570,000 per dwelling. Total revenue of $3,420,000 falls $568,491 short of project costs of $3,988,491. The negative 14.2% margin indicates the project is unprofitable under current cost and price assumptions.
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Frequently Asked Questions
How many apartments are modelled on this Reservoir block?
Six apartments under GRZ2 zoning on a 765 sqm site.
What is the development margin?
Negative 14.2%, with a net loss of $568,491.
What sale price per apartment is used?
$570,000 per apartment based on Reservoir unit market data.
What is the land cost?
$565,500 for the 765 sqm 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).