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Development › Maroubra › Site #2

Standalone site

Address locked, Maroubra

1 house today → about 25 homes as shop-top housing, up to 10 storeys. About 1,500 m², 70 m frontage, zone E2.

Residual land valueA$4.3m
Likely ask (1 house)A$2.5mFrom the 1 July 2025 land value x 1.15
HeadroomA$1.8m
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.

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Every option the rules allow

OptionHomesStoreysGFARealisationCostsResidual land valueHeadroomProfit at likely ask
Shop-top housing, up to 10 storeysLow and Mid-Rise (within 400 m) · FSR 2.2:1 · 34 m 25103,000 m² A$37.5mA$22.0mA$4.3mA$1.8m A$6.5m25% on cost · 18% on revenue
Cost stack
  • Construction 3,000 m² at A$5,600/m²A$17.0m
  • Basement parkingA$800k
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$1.6m
  • Contributions (A$28,000 per new home)A$600k
  • 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$2.5m instead leaves A$6.5m pre-tax on a total development cost of A$27.5m.

Site facts

Site area
About 1,500 m² (30 m by 150 m)
Street frontage
About 70 m (measured against the road corridor)
Zone
E2 Commercial Centre · Randwick Local Environmental Plan 2012
LEP controls
FSR not mapped · height 34 m · minimum lot not mapped
Nearest nominated centre
About 50 m to Maroubra Junction town centre (straight line) · Within 400 m of a nominated centre
Land value
About A$2,200,000 at 1 July 2025, NSW Valuer General · from A$1,600,000 at 1 July 2021 (+40%)