Standalone site

Address locked, Maroubra

1 house today → 8 homes as apartments, up to 4 storeys. About 600 m², 15 m frontage, zone R3.

Residual land valueA$2.5m

Likely ask (1 house)A$2.2mFrom the 1 July 2025 land value x 1.15

HeadroomA$300k

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 4 storeysLow and Mid-Rise (400 to 800 m) · FSR 1.5:1 · 17.5 m	8	4	800 m²	A$11.0m	A$5.0m	A$2.5m	A$300k	A$2.0m25% on cost · 18% on revenue
Cost stack Construction 800 m² at A$4,900/m²A$4.0m Basement parkingA$275k DemolitionA$45k Consultants, DA and certification (9%)A$400k Contributions (A$28,000 per new home)A$200k Contingency (5%)A$240k 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$2.2m instead leaves A$2.0m pre-tax on a total development cost of A$8.0m.
Apartments, up to 6 storeys + affordable housing bonusLow and Mid-Rise + Chapter 2 bonus (15% affordable) · FSR 1.95:1 · 22.8 m	10	6	1,100 m²	A$14.0m	A$7.5m	A$1.9m	-A$300k	A$2.0m18% on cost · 14% on revenue
Cost stack Construction 1,100 m² at A$5,500/m²A$6.0m Basement parkingA$375k DemolitionA$45k Consultants, DA and certification (9%)A$550k Contributions (A$28,000 per new home)A$275k Contingency (5%)A$350k 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$2.2m instead leaves A$2.0m pre-tax on a total development cost of A$11.0m. Includes 15% affordable housing at 65% of market.
Dual occupancyLow and Mid-Rise · FSR 0.75:1 · 9.5 m	2	2	400 m²	A$5.0m	A$1.8m	A$1.6m	-A$600k	A$170k4% on cost · 3% on revenue
Cost stack Construction 400 m² at A$3,700/m²A$1.5m DemolitionA$45k Consultants, DA and certification (9%)A$140k Contributions (A$28,000 per new home)A$28k Contingency (5%)A$85k 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$2.2m instead leaves A$170k pre-tax on a total development cost of A$4.5m.

Site facts

Site area: About 600 m² (15 m by 40 m)
Street frontage: About 15 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 550 m to Maroubra Junction town centre (straight line) · 400 to 800 m from a nominated centre
Land value: About A$1,900,000 at 1 July 2025, NSW Valuer General · from A$1,500,000 at 1 July 2021 (+25%)

Neighbours

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

Amalgamation options

#7 · amalgamation 2 houses → 15 homes

Address locked, Maroubra

Residual land valueA$4.3m

Likely askA$4.0m

HeadroomA$250k

1,000 m² · Apartments, up to 4 storeys · R3 · address locked