Hey, Does anyone know how much a big developer would roughly pay for each lot in a 200-400 lot development when selling each individual 300sqm lot for around the 150k mark in SEQ. e.g yarabilba, park ridge, redbank plains, springfield etc.
Do you mean how much they paid for the land in the first place before they developed it? If they are selling for approx $500 per sqm then they probably paid about $100 per sqm in the wholesale land area, then they lose 30% of that land to roads and public open space then sell the end blocks around $500 p sqm. If you mean developers as in House and Land packages where they buy the completed lots then they may only get a $10-25k or so discount per lot for buying a group of them.
Yeah asking about before they developed it so original site. thanks mate. Is there a formula I can use to calculate price per site a developer should pay if sold at $x amount?
Not really. I had to make a lot of assumptions on that figure because some areas have massive infrastructure, retaining, flooding, fill, excavation etc requirements but the end price would hope to be 3-5 times the original wholesale price. Generally in large developments you need to work it backwards. Start with how much land is selling for then how much it will cost to develop then profit of xx% then that is how much you want to pay for it.
What about the information provided from this website: http://pdonline.ipswich.qld.gov.au/pdonline/Modules/PropertyMaster/default.aspx?page=search It has some information like th following with pricing if that is waht you're after when you enter the location range: 01/07/2015 - $134,000 Non-Rural - Site Value 01/07/2014 - $134,000 Non-Rural - Site Value 01/07/2013 - $134,000 Non-Rural - Site Value 01/07/2012 - $149,000 Non-Rural - Site Value 01/07/2011 - $149,000 Non-Rural - Site Value 01/07/2010 - $124,000 Unimproved Value 01/07/2009 - $124,000 Unimproved Value 01/07/2008 - $124,000 Unimproved Value 01/07/2007 - $104,000 Unimproved Value 01/07/2006 - $104,000 Unimproved Value 01/01/2006 - $104,000 Unimproved Value
I don't know what the sites sell for originally, but to develop from scratch you are looking 60-80k per lot for a subdivision of that proportion. So $24-32mil for development costs for 400 lots. So then 400x150k = 60mil. Minus development cost, minus land purchase, minus profit margin. Hope that gives an idea.
just remember that you lose around 30% of the land to public open space and roads etc so a site which is divisable by 400 is actually only 280 lot subdivision
How much of the site is zoned "environmental protection"? "Water catchment " and electrical transmission easement? As noted by others, 1/3 will go to circulation/parks etc but your development costs per site will not decrease. Speak with a QS or civil contractor for works budget - this won't change whether you pay market or zilch for the land.
