Standalone site

Address locked, Randwick

1 house today → about 160 homes as apartments, up to 8 storeys + bonus. About 5,000 m², 150 m frontage, zone R3.

Residual land valueA$40.0m

Likely ask (1 house)A$23.0mFrom the 1 July 2025 land value x 1.15

HeadroomA$17.0m

Claim this site

A$182 inc GST · 3 months

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

Sites whose best option clears a 40% margin on cost at the likely ask are A$387. 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	160	8	15,000 m²	A$220m	A$110m	A$40.0m	A$17.0m	A$50.0m35% on cost · 23% on revenue
Cost stack Construction 15,000 m² at A$5,500/m²A$85.0m Basement parkingA$5.5m DemolitionA$45k Consultants, DA and certification (9%)A$8.0m Contributions (A$28,000 per new home)A$4.5m Contingency (5%)A$5.0m 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$23.0m instead leaves A$50.0m pre-tax on a total development cost of A$140m. 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	120	6	12,000 m²	A$180m	A$85.0m	A$37.5m	A$14.5m	A$42.5m36% on cost · 24% on revenue
Cost stack Construction 12,000 m² at A$5,500/m²A$65.0m Basement parkingA$4.3m DemolitionA$45k Consultants, DA and certification (9%)A$6.5m Contributions (A$28,000 per new home)A$3.5m Contingency (5%)A$3.8m 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$23.0m instead leaves A$42.5m pre-tax on a total development cost of A$120m.
TerracesLow and Mid-Rise · FSR 0.75:1 · 9.5 m	25	2	4,000 m²	A$60.0m	A$22.0m	A$20.0m	-A$3.0m	A$5.0m10% on cost · 9% on revenue
Cost stack Construction 4,000 m² at A$4,300/m²A$17.0m Basement parkingA$900k DemolitionA$45k Consultants, DA and certification (9%)A$1.7m Contributions (A$28,000 per new home)A$700k Contingency (5%)A$1.0m 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$23.0m instead leaves A$5.0m pre-tax on a total development cost of A$50.0m.
TownhousesLow and Mid-Rise · FSR 0.75:1 · 9.5 m	25	2	4,000 m²	A$60.0m	A$20.0m	A$20.0m	-A$3.0m	A$7.5m15% on cost · 12% on revenue
Cost stack Construction 4,000 m² at A$4,100/m²A$17.0m DemolitionA$45k Consultants, DA and certification (9%)A$1.5m Contributions (A$28,000 per new home)A$750k 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$23.0m instead leaves A$7.5m pre-tax on a total development cost of A$47.5m.
Dual occupancyLow and Mid-Rise · FSR 0.75:1 · 9.5 m	2	2	500 m²	A$7.0m	A$2.3m	A$2.5m	-A$20.5m	-A$22.0m-76% on cost · -311% on revenue
Cost stack Construction 500 m² at A$3,700/m²A$1.9m DemolitionA$45k Consultants, DA and certification (9%)A$170k Contributions (A$28,000 per new home)A$28k Contingency (5%)A$100k 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$23.0m instead leaves -A$22.0m pre-tax on a total development cost of A$27.5m.

Site facts

Site area: About 5,000 m² (80 m by 90 m)
Street frontage: About 150 m (measured against the road corridor)
Zone: R3 Medium Density Residential · Randwick Local Environmental Plan 2012
LEP controls: FSR 0.75:1 · height 9.5 m · minimum lot not mapped
Nearest nominated centre: About 350 m to Randwick town centre and light rail station (straight line) · Within 400 m of a nominated centre
Heritage: Conservation area: St Mark's
Land value: About A$20,000,000 at 1 July 2025, NSW Valuer General · from A$21,000,000 at 1 July 2022 (-5%)
Notes: Heritage conservation area. DA on record.
Latest DA: A development application is on record for this site. The member who claims it sees the application.

Neighbours

2 adjoining houses share a boundary with this site. Members see them.