DEVELOPMENT FEASIBILITY
BRINGS CONTROL TO YOUR PROJECT
[email protected]Name of Property<insert here>
Purchase price (including finance to date) Size of site (M2) $ per m2 $ per sq ft Total
$0 0 $0.00 $0.00
Detail Qty Cost Each Total
Stamp Duty on purchase 1 0 0
Conveyancing buy 1 0 0
Total Land
Acquisition $ ‐
Feasibility (Ex GST)
Density per
Size of site No. of dwellings
Planning density likely to be approved dwelling
Total M2
No. of dwellings
Average Size of Dwellings Buildings M2 Avg per Building
D il
Detail Qty Cost Each T t l
Total
Preliminary Cost Estimates with Executive Summary 1 $ 900.00 $ 900.00
Pre-Design Planning Report 1 $ 900.00 $ 900.00
G t h i lE
Geortechnical Engineer
i 1 $ 1,000.00
1 000 00 $ 1,000.00
1 000 00
Site Assessment 1 $ 2,594.00 $ 2,594.00
Concept Drawing - Buildings (Typical Sample Only) 1 $ 3,990.00 $ 3,990.00
C
Conceptt Drawing
D i - Site Sit 1 $ 1,590.00
1 590 00 $ 1 590 00
1,590.00
Cost Plan - Site and Buildings 1 $ 9,152.00 $ 9,152.00
Total Feasibility
Study $ 20,126.00
Preliminaries (Ex GST)
Planning Permit Stage Qty Cost Each Total
Surveying (included in Site Assessment) 0 $ 1,500.00 $ -
Arborist (to assist with VPO) 1 $ 1,000.00 $ 1 000 00
1,000.00
Planning Permit Drawings Site (Extension of Concept Drawings) 1 $ 1,238.00 $ 1,238.00
Planning Permit Drawings Buildings 1 $ 2,400.00 $ 2,400.00
Planning Permit Specification and Finishes 1 $ 1,100.00 $ 1,100.00
Landscape Architect 1 $ 11,200.00
200 00 $ 1,200.00
Civil Engineer Drainage 1 $ 2,600.00 $ 2,600.00
Planning Permit Fees ‐ Total Development Cost 1 $ 2,000.00 $ 2,000.00
Pl
Planning
i C Consultant
lt t 1 $ 3 310 00
3,310.00 $ 3,310.00
3 310 00
Revised Planning drawings based on original concept 1 $ 2,100.00 $ 2,100.00
Legal Fees - VCAT (Shouldn't be required) 0 $ 80,000.00 $ -
B ildi P
Building it St
Permit Stage
Working Drawings, Plans and Elevations, Site Plans 1 $ 5,500.00 $ 5,500.00
Mechanical Engineer 1 $ 2,400.00 $ 2,400.00
St t l E
Structural Engineering
i i 4 $ 1,450.00
1 450 00 $ 55,800.00
800 00
Internal Elevations, Wet Areas, Cabinetry etc 4 $ 3,200.00 $ 12,800.00
Building Permit Fees 4 $ 1,945.00 $ 7,780.00
Warranty Insurance 4 $ 3,112.00
3 112 00 $ 12 448 00
12,448.00
5 Star Energy Rating Reports 4 $ 350.00 $ 1,400.00
Total Prelim
Costs $ 65 076 00
65,076.00
Building costs Excl GST ‐ From Cost Plan
Estimated $ /
Estimated cost $/m2 $ 1,800.00 m2 Rate Ex GST
Sq metres
Lower m2 Upper m2 No. of dwellings Total
(Total)
Unit 1 200 60 1 260 $ 468,000.00
Unit 2 200 60 1 260 $ 468,000.00
Unit 3 200 60 1 260 $ 468,000.00
Unit 4 200 60 1 260 $ 468,000.00
Total Footprint 800 Total m2 1040
Qty Cost Each Total
Lifts
Lif 0 45
45,000.00
000 00 $ ‐
Upper Storey Costs 4 16,000.00 $ 64,000.00
Underground Garage 0 50,000.00 $ ‐
Total Build Cost $ 1,936,000.00
Site costs Excl GST
Footprint of dwellings sq. m of
Sq metre of site landscaping Estimate $/m2 Total
1476 800 676 80 $ 54 080 00
54,080.00
Total Site Costs $ 54,080.00
Construction Management Fees
Subject to Negotiation
Avg % Build Cost Site Costs
10.00% $ 1,936,000.00 $ 193,600.00
Construction
Management
Fees $ 193,600.00
193 600 00
Subdivision Costs Excl GST
Detail
D t il Qt
Qty C each
Cost h
Subdivision Costs 4 $ 1,800.00 $ 7,200.00
Local Authority Fees 4 $ 8,000.00 $ 32,000.00
Conveyancing to Sell 4 $ 900 00
900.00 $ 33,600.00
600 00
Subdivision
Costs 42,800.00
TOTAL GST COSTS
Total GST $ 231,168.20
TOTAL COSTS DEVELOPMENT INCL GST Total incl GST $ 2,542,850.20
Legal & Property Costs GST Exempt
Details Time Frame Years Rates Insurance Per Annum Transfer Costs Value of Land Total
Undeveloped
Rates & Site Disbursements 2 $ 2,000.00 $ 1,500.00 $ 7,000.00
Titl Transfer
Title T f 4 $ 1
1,800.00
800 00 $ 7
7,200.00
200 00
Public Open Space Contribution (Council) 3% $ 1,100,000.00 $ 33,000.00
$ 47,200.00
Construction Finance Costs GST Exempt ‐ Line of Credit
Total
Terms / Month Before Cumulative
Total LOC Approved Interest Rate Monthly Drawdown Interest Monthly
Refinancing Interest over
term
$ 2,200,000.00 12 6% $ 183,333.33 $ 11,000.00 $ 132,000.00
Stamp Duty on Total
Valuation Costs (Number of Units
Establishment Fees mortgage at $each))
$ 2,000.00 $ 7,500.00 4 $ 700.00 $ 12,300.00
$ 144,300.00
Sale Income
Factor of Land
$/
$/m2 Land Price to Sale
l $/m2
$/ sale
Price to estimate
Sale value
DWELLINGS Number Storeys Build Area Qty Sale Price $/m2 Total Sale Price per Dwelling
Unit 1 2 260 1 $ 3,200.00 $ 832,000.00
Unit 2 2 260 1 $ 3,200.00 $ 832,000.00
Unit 3 2 260 1 $ 3,200.00 $ 832,000.00
Unit 4 2 260 1 $ 3,200.00 $ 832,000.00
Less agent fees 3% ‐$ 99,840.00
L
Less M k ti expenses
Marketing $5 000
$5,000 ‐$
$ 5,000.00
5 000 00
Less GST Remittance on sale 10% Total Sales ‐$ 293,014.55
Add back GST paid on expenses $ 231,168.20
Total Sale Price per Dwelling $ 3 161 313 65
3,161,313.65
Total Development/Build
p / Costs $ 2,542,850.20
, ,
Profit $ 618,463.45
RENTAL INCOME
Monthly Finance Other Costs
DWELLINGS Weekly Rent Monthly Rent Costs Maintenance Predicted Cashflow
Unit 1 650 2817 ‐3093 ‐458 ‐734
Unit 2 650 2817 ‐3093 ‐458 ‐734
Unit 3 650 2817 ‐3093 ‐458 ‐734
Unit 4 650 2817 ‐3093
3093 ‐458
458 ‐734
734
Total Monthly Income ‐2936
