14 Pante Place, WERRIBEE VIC 3030
Development Feasibility Analysis in Werribee, VIC
Three apartments on this 704 sqm GRZ1 block in Werribee are modelled at $403,750 per dwelling. Total revenue of $1,211,250 falls far short of project costs of $2,144,622, producing a $933,372 loss. The negative 43.5% margin confirms apartment development is not viable in Werribee at current price levels.
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Frequently Asked Questions
What sale price is used per apartment in Werribee?
$403,750 per unit based on Werribee apartment comparable sales.
Why is this project unprofitable?
Apartment values in Werribee are too low relative to construction costs. Three dwellings produce only $1,211,250 revenue against $2,144,622 in total costs.
What is the net loss?
$933,372 at a negative 43.5% margin.
What is the land cost for this site?
$450,000 for the 704 sqm Werribee 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).