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Development › Homebush › Site #3

Standalone site

Address locked, Homebush

1 house today → about 20 homes as townhouses. About 1,500 m², 13 m frontage, zone R4.

Residual land valueA$4.3m
Likely ask (1 house)A$3.5mFrom the 1 July 2025 land value x 1.15
HeadroomA$750k
Claim this site

A$182 inc GST · 3 months

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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
TownhousesLow and Mid-Rise · FSR 2.2:1 · 28 m 2023,000 m² A$27.5mA$15.0mA$4.3mA$750k A$4.5m22% on cost · 16% on revenue
Cost stack
  • Construction 3,000 m² at A$4,100/m²A$13.0m
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$1.2m
  • Contributions (A$28,000 per new home)A$550k
  • Contingency (5%)A$700k
  • 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$3.5m instead leaves A$4.5m pre-tax on a total development cost of A$20.0m.
Dual occupancyLow and Mid-Rise · FSR 2.2:1 · 28 m 22500 m² A$4.5mA$2.3mA$900k-A$2.6m -A$2.2m-34% on cost · -48% 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$3.5m instead leaves -A$2.2m pre-tax on a total development cost of A$6.5m.
Apartments, up to 8 storeysLow and Mid-Rise (400 to 800 m) · FSR 2.2:1 · 28 m 3083,000 m² A$32.5mA$22.0mA$10k-A$3.5m A$1.3m5% on cost · 4% on revenue
Cost stack
  • Construction 3,000 m² at A$5,500/m²A$17.0m
  • Basement parkingA$1.1m
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$1.7m
  • Contributions (A$28,000 per new home)A$850k
  • 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$3.5m instead leaves A$1.3m pre-tax on a total development cost of A$27.5m.
Apartments, up to 10 storeys + affordable housing bonusLow and Mid-Rise + Chapter 2 bonus (15% affordable) · FSR 2.86:1 · 36.4 m 40104,000 m² A$40.0mA$27.5m-A$1.5m-A$5.0m A$2.0m6% on cost · 5% on revenue
Cost stack
  • Construction 4,000 m² at A$5,500/m²A$22.0m
  • Basement parkingA$1.4m
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$2.1m
  • Contributions (A$28,000 per new home)A$1.1m
  • Contingency (5%)A$1.3m
  • 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$3.5m instead leaves A$2.0m pre-tax on a total development cost of A$32.5m. Includes 15% affordable housing at 65% of market.

Site facts

Site area
About 1,500 m² (45 m by 60 m)
Street frontage
About 13 m (measured against the road corridor)
Zone
R4 High Density Residential · Strathfield Local Environmental Plan 2012
LEP controls
FSR 2.2:1 · height 28 m · minimum lot not mapped
Nearest nominated centre
About 800 m to Homebush station (straight line) · 400 to 800 m from a nominated centre
Land value
About A$3,000,000 at 1 July 2025, NSW Valuer General · from A$2,100,000 at 1 July 2021 (+45%)
Notes
Holding of 2 parcels.

Neighbours

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