9 MacLean Court, TARNEIT VIC 3029
Development Feasibility Analysis in Tarneit, VIC
Six apartments are modelled on this 793 sqm GRZ1 site in Tarneit at $391,875 each. Total revenue of $2,351,250 falls $1,362,384 below project costs of $3,713,634. The negative 36.7% margin is among the most unprofitable results in the dataset, driven by low apartment values relative to construction costs.
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Frequently Asked Questions
Why are apartments in Tarneit unprofitable?
Tarneit apartment sale prices average $391,875, which is too low to support multi-dwelling construction and land costs.
How many apartments are modelled?
Six apartments on a 793 sqm GRZ1 block.
What is the net loss?
$1,362,384 at a negative 36.7% margin.
What is the land cost?
$435,000 for the 793 sqm Tarneit 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).