Anyone can share a feasibility of developing a duplex, or small townhouse project?

Discussion in 'Development' started by Declan1212, 1st Aug, 2021.

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  1. Declan1212

    Declan1212 Well-Known Member

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    Anyone can share a feasibility study of developing a duplex, or small townhouse project?


    It would be better in Sydney.
     
    Declan1212, 1st Aug, 2021
    #1
  2. Thomacino

    Thomacino Well-Known Member

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    Even if someone shared a hypo, would you be able to understand it?

    Best to leave something specialised like that to a professional.
     
    Thomacino, 2nd Aug, 2021
    #2
  3. wylie

    wylie Moderator Staff Member

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    There is a developer toolkit available from @Paul@PFI I believe.

    Would that help you?
     
    wylie, 2nd Aug, 2021
    #3
  4. ParraEels

    ParraEels Well-Known Member

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    Parramatta LGA Project

    2000 sqm, 30 m frontage, FSR 0.6 (1200sqm fsr), 12 units

    Land value - $3,000,000
    Stamp duty - $ 150,000
    Construction cost - $ 42,000,000 (500sqm basement carpark)
    OSD/Easement/Landscaping - $ 300,000
    DA/CC drawing/PCA/OSD/ Hydrant/easement/contributions - $ 300,000
    Interest (18months - 7%) - $ 300,000
    GST - $ 300,000
    Selling agent's cost - $ 100,000

    Total cost of construction $ 8,500,000 % 12units, approx $ 710,000 each
    Current value average $ 810,000 or 9,800,000 GRV - CGT

    15% profit margin (contingency 5-7% not factor in) lockdown or any other delay in construction can take profit away. not a high margin due to higher land and construction cost.
     
    Last edited: 5th Aug, 2021
    ParraEels, 5th Aug, 2021
    #4
    Colin Rice likes this.
  5. wylie

    wylie Moderator Staff Member

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    Is that construction cost correct? :eek:
     
    wylie, 5th Aug, 2021
    #5
    Tyla likes this.
  6. MTR

    MTR Well-Known Member

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    @Shahin_Afarin and @Mel Morgan developers in Syd
     
    MTR, 5th Aug, 2021
    #6
  7. Declan1212

    Declan1212 Well-Known Member

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    Thanks Wylie.

    Where to find it
     
    Declan1212, 6th Aug, 2021
    #7
  8. Declan1212

    Declan1212 Well-Known Member

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    Thanks
     
    Declan1212, 6th Aug, 2021
    #8
  9. ParraEels

    ParraEels Well-Known Member

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    Sorry typo, $4.2m construction cost, $350,000/unit. Lack of material and labour even push the price higher.
     
    ParraEels, 6th Aug, 2021
    #9