Project Completed
Project Suburb: Heidelberg West
4 townhouse site – 2 bedroom each
Total site acquisition cost
$606k
Cost of construction
$896k
Civil, DA and other costs
$254k
Total development cost
$1.76 million
Gross realised value
$2.26 million
Net realised value
$2.2 million
Total profit
$440k
Profit margin on cost
25%
Project Suburb: Reservoir
4 Townhouse site – 2 bedroom x 3 and 3 bedroom x 1
Total site acquisition cost
$872k
Cost of construction
$858k
Civil, DA and other costs
$231k
Total development cost
$1.96 million
Gross realised value
$2.49 million
Net realised value
$2.36 million
Total profit
$400k
Profit margin on cost
20.40%
Project Suburb: Reservoir
Landsplit with property kept at the front and build 2 x 3 bedders at the back
Total site acquisition cost
$745k
Cost of construction
$521k
Civil, DA and other costs
$135k
Total development cost
$1.40 million
Gross realised value
$2.1 million
Net realised value
$2.0 million
Total profit
$600k
Profit margin on cost
42.8%
Project Suburb: Reservoir – Dundee
4 Townhouse site
Total site acquisition cost
$727k
Cost of construction
$842k
Civil, DA and other costs
$249k
Total development cost
$1.81 million
Gross realised value
$2.43 million
Net realised value
$2.32 million
Total profit
$510k
Profit margin on cost
28.2%
Project Suburb: Preston
5 townhouse site – 2 bedroom houses x 5
Total site acquisition cost
$955k
Cost of construction
$861k
Civil, DA and other costs
$287k
Total development cost
$2.1 million
Gross realised value
$2.82 million
Net realised value
$2.68 million
Total profit
$400k
Profit margin on cost
27.62%
Project Suburb: Christies Beach
5 townhouses x 3 bedroom two bathroom double garage 400m to beach
Total site acquisition cost
$0.54 million
Cost of construction
$1.2 million
Civil, DA and other costs
$0.1 million
Total development cost
$1.84 million
Gross realised value
$2.35 million
Net realised value
$2.23 million
Total profit
$0.39 million
Profit margin on cost
21.2%
Upcoming Project
Project Suburb: Frankston
4 x 3 bedroom 2 bathroom townhouses – walking distance to beach
Total site acquisition cost
$0.83 million
Cost of construction
$1.03 million
Civil, DA and other costs
$0.42 million
Total development cost
$2.3 million
Gross realised value
$3.4 million
Net realised value
$2.9 million
Total profit
$0.6 million
Profit margin on cost
26%
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