Address locked, Randwick

2 houses today → about 40 homes as apartments, up to 8 storeys + bonus. About 1,250 m², 30 m frontage, zone R3.

Residual land valueA$9.5m

Likely ask (2 houses)A$7.5mFrom the land values x 1.15

HeadroomA$2.0m

Gain over buying separatelyA$375k

Claim this holding

A$182 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.

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	40	8	4,000 m²	A$50.0m	A$25.0m	A$9.5m	A$2.0m	A$9.5m26% on cost · 19% on revenue
Cost stack Construction 4,000 m² at A$5,500/m²A$21.0m Basement parkingA$1.3m DemolitionA$90k Consultants, DA and certification (9%)A$2.0m Contributions (A$28,000 per new home)A$1.0m Contingency (5%)A$1.2m 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$7.5m instead leaves A$9.5m pre-tax on a total development cost of A$35.0m. 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	30	6	3,000 m²	A$42.5m	A$20.0m	A$9.0m	A$1.5m	A$8.0m27% on cost · 19% on revenue
Cost stack Construction 3,000 m² at A$5,500/m²A$16.0m Basement parkingA$1.0m DemolitionA$90k 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$7.5m instead leaves A$8.0m pre-tax on a total development cost of A$30.0m.
TownhousesLow and Mid-Rise · FSR 0.75:1 · 9.5 m	6	2	1,000 m²	A$13.0m	A$4.8m	A$4.0m	-A$3.5m	-A$1.5m-11% on cost · -12% on revenue
Cost stack Construction 1,000 m² at A$4,100/m²A$4.0m DemolitionA$90k Consultants, DA and certification (9%)A$375k Contributions (A$28,000 per new home)A$110k Contingency (5%)A$220k 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$7.5m instead leaves -A$1.5m pre-tax on a total development cost of A$14.0m.
TerracesLow and Mid-Rise · FSR 0.75:1 · 9.5 m	4	2	600 m²	A$9.5m	A$3.5m	A$3.0m	-A$4.5m	-A$3.3m-26% on cost · -34% on revenue
Cost stack Construction 600 m² at A$4,300/m²A$2.8m Basement parkingA$140k DemolitionA$90k Consultants, DA and certification (9%)A$250k Contributions (A$28,000 per new home)A$55k Contingency (5%)A$160k 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$7.5m instead leaves -A$3.3m pre-tax on a total development cost of A$12.0m.

Site facts

Houses: House, 800 m² House, 500 m²
Site area: About 1,250 m²
Street frontage: About 30 m (measured against the road corridor)
Zone: R3
Nearest nominated centre: About 300 m (straight line) · Within 400 m of a nominated centre
Land value: About A$6,500,000 at 1 July 2025, NSW Valuer General (the houses together)