Address locked, Bondi Junction

3 houses today → about 30 homes as apartments, up to 8 storeys + bonus. About 1,000 m², 18 m frontage, zone R3.

Residual land valueA$11.0m

Likely ask (3 houses)A$4.0mFrom the land values x 1.15

HeadroomA$7.0m

Gain over buying separatelyA$7.0m

Claim this holding

A$387 inc GST · 3 months

A claim takes this holding off the market for every other member for 3 months and opens its address, lot outline, exact figures and neighbours to you.

This holding is A$387 because its best option clears a 40% margin on cost at the likely ask. Other sites are A$182. One claim credit claims any site.

Every option the rules allow

Option	Homes	Storeys	GFA	Realisation	Costs	Residual land value	Headroom	Profit at likely ask
Apartments, up to 8 storeys + affordable housing bonusLow and Mid-Rise + Chapter 2 bonus (15% affordable) · FSR 2.86:1 · 28.6 m	30	8	3,000 m²	A$45.0m	A$19.0m	A$11.0m	A$7.0m	A$15.0m60% on cost · 33% on revenue
Cost stack Construction 3,000 m² at A$5,500/m²A$15.0m Basement parkingA$950k DemolitionA$140k Consultants, DA and certification (9%)A$1.5m Contributions (A$28,000 per new home)A$700k Contingency (5%)A$900k Then selling costs 3%, GST on the margin, finance 7.5%, stamp duty 5.5% and a 20% developer margin solve for the land. Buying at the likely ask of A$4.0m instead leaves A$15.0m pre-tax on a total development cost of A$25.0m. Includes 15% affordable housing at 65% of market.
Apartments, up to 6 storeysLow and Mid-Rise (within 400 m) · FSR 2.2:1 · 22 m	20	6	2,250 m²	A$35.0m	A$15.0m	A$9.5m	A$5.5m	A$10.0m51% on cost · 30% on revenue
Cost stack Construction 2,250 m² at A$5,500/m²A$12.0m Basement parkingA$700k DemolitionA$140k Consultants, DA and certification (9%)A$1.1m Contributions (A$28,000 per new home)A$500k Contingency (5%)A$700k Then selling costs 3%, GST on the margin, finance 7.5%, stamp duty 5.5% and a 20% developer margin solve for the land. Buying at the likely ask of A$4.0m instead leaves A$10.0m pre-tax on a total development cost of A$21.0m.
TownhousesLow and Mid-Rise · FSR 0.7:1 · 9.5 m	4	2	700 m²	A$9.5m	A$3.3m	A$3.5m	-A$500k	A$700k9% on cost · 7% on revenue
Cost stack Construction 700 m² at A$4,100/m²A$2.8m DemolitionA$140k Consultants, DA and certification (9%)A$240k Contributions (A$28,000 per new home)A$28k Contingency (5%)A$150k Then selling costs 3%, GST on the margin, finance 7.5%, stamp duty 5.5% and a 20% developer margin solve for the land. Buying at the likely ask of A$4.0m instead leaves A$700k pre-tax on a total development cost of A$8.0m.

Site facts

Houses: House, 350 m² House, 300 m² House, 350 m²
Site area: About 1,000 m²
Street frontage: About 18 m (measured against the road corridor)
Zone: R3
Nearest nominated centre: About 350 m (straight line) · Within 400 m of a nominated centre
Land value: About A$3,500,000 at 1 July 2025, NSW Valuer General (the houses together)