Standalone site

Address locked, Bondi Junction

1 house today → about 55 homes as shop-top housing, up to 9 storeys. About 1,000 m², 90 m frontage, zone E2.

Residual land valueA$24.0m

Likely ask (1 house)A$7.0mSuburb median formula (no land value on file)

HeadroomA$17.0m

Claim this site

A$387 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.

This site 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.

Option	Homes	Storeys	GFA	Realisation	Costs	Residual land value	Headroom	Profit at likely ask
Shop-top housing, up to 9 storeysLow and Mid-Rise (within 400 m) · FSR 6:1 · 32 m	55	9	6,000 m²	A$95.0m	A$42.5m	A$24.0m	A$17.0m	A$30.0m57% on cost · 32% on revenue
Cost stack Construction 6,000 m² at A$5,600/m²A$35.0m Basement parkingA$1.9m DemolitionA$45k Consultants, DA and certification (9%)A$3.3m Contributions (A$28,000 per new home)A$1.5m Contingency (5%)A$2.0m 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$7.0m instead leaves A$30.0m pre-tax on a total development cost of A$55.0m.
Apartments, up to 9 storeys (LEP controls)Local Environmental Plan · FSR 6:1 · 32 m	50	9	5,000 m²	A$85.0m	A$35.0m	A$23.0m	A$16.0m	A$30.0m65% on cost · 35% on revenue
Cost stack Construction 5,000 m² at A$5,500/m²A$27.5m Basement parkingA$1.7m DemolitionA$45k Consultants, DA and certification (9%)A$2.8m Contributions (A$28,000 per new home)A$1.4m Contingency (5%)A$1.6m 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$7.0m instead leaves A$30.0m pre-tax on a total development cost of A$45.0m.

Site area: About 1,000 m² (25 m by 40 m)
Street frontage: About 90 m (measured against the road corridor)
Zone: E2 Commercial Centre · Waverley Local Environmental Plan 2012
LEP controls: FSR 6:1 · height 32 m · minimum lot not mapped
Nearest nominated centre: About 50 m to Bondi Junction station and town centre (straight line) · Within 400 m of a nominated centre
Notes: DA on record.
Latest DA: A development application is on record for this site. The member who claims it sees the application.