Feasibility Calculator

Use our feasibility calculator to assess the financial feasibility of purchasing a property development site

Feasibility Calculator

Use our feasibility calculator to assess the financial feasibility of purchasing a property development site

Assess your
investments feasibility

Use our feasibility calculator to assess the financial feasibility of purchasing a property development site. This tool provides crucial information for anyone considering a development opportunity.

Our feasibility calculator is broken up into three sections:

Acquisition Costs

This includes the cost of the land, stamp duty and any legal costs associated with the transaction.

Consultant /design fees

These are all the pre-construction costs you must be aware of in order to achieve the projected design intent of the project you are assessing on the allotment.

Construction costs

This refers to the total building contract cost, which consists of actual building work, demolition and site clearing costs and contingencies. It is crucial you are selecting an honest and experienced builder prior to even considering your development as these costs generally contribute the largest portion of the project – you need to be sure you are assessing this accurately.

Authority & service fees

These costs relate to water, sewerage, storm water, gas, electrical & telco requirements. These are contributions that are paid to service providers outside of the titled allotment and are necessary to bring the infrastructure required to service your dwelling.

Every home or general single allotment will always have a single gas, water or electrical connection, however when developing 5-10 townhouses for example, these services must be upgraded to facilitate the development requirements. These fees play a key part in not only understanding how you’re going to service your proposed development, but what the proposed costs of these aspects are. This must be researched correctly and it’s crucial to have clear and precise advice on this. Authority and service fees also includes your building permit costs.

Holding Costs

These costs are noted here for the period in which you are holding the actual land until construction is ready and whilst you are going through the town planning permit processes. Although this will generally be offset with some form of rental income, the holdings cost require a portion to be factored into the overall feasibility of the project.

GST

While GST needs to be factored into the assessment, it will be offset with any GST components of the project’s build, design or service and authority costs. If the project is profitable, there will be a component that needs to be factored into the equation of the feasibility.

This does not relate to tax payable – this is separate and depends on the company or personal structure of the final net payable profit. The tax component will need to be liaised with your accountant.

Finance & interest costs

The finance section can be made up of many difference facets or arrangements as the property development finance sector is often quite complex – generally you will have teams of people combining to form a joint strength in a lending environment via company and trust structures.

With that said this sector factors in broker fees, valuation fees, quantity surveying fees, line fees, interest and any general financing requirements. It is also crucial you have the right broker or banker who is familiar with this form of project development work.

Profit

This section summarises the profit on the project and boils it down to a percentage of the overall revenue, less development costs. In our experience and generally with any lending requirements, a project must land around 15% at a minimum of development income/profit. If this is not the case when assessing the project, our advice is to move on and find the next one.

This is the most crucial decision and assessment any property developer must make as this decision could cost you 2-3 years of heartache with your life savings and funds tied up in something that is not profitable.

Disclaimer

The feasibility calculator is only a guide to assessing your property development you should seek legal advise prior to making any decision based around the financial outlay described within the calculator example.

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Joshua Scuderi-Camilleri

Carpenter

Joshua joined Mavi Built in 2021 as a carpentry apprentice. He’s is in the process of learning the Mavi Built way and training alongside our senior members to work on defects, maintenance, framing, lockup & fixing work. We look forward to watching him evolve and work through his carpentry apprenticeship.

Andrew Branella

Carpenter

Andrew started with Mavi Built in 2020 as a carpentry apprentice. He has great carpentry knowledge and specialises in assisting with carpentry tasks, including defects, maintenance, framing, lockup & fixing work. Andrew is soon to complete his apprenticeship to be a qualified carpenter.

Kosta Kouzoumis

Leading Hand Carpenter

Kosta joined Mavi Built in 2019 as one of our valued carpentry members. He has great carpentry knowledge and specialises in building tasks, including defects, maintenance, framing, lockup work and fixing work. Kosta is an all-rounder who assists in various on-site carpentry roles and the management of key stages of building where required.

Luke Delaney

Maintenance & Defects Manager

Luke commenced with Mavi Built in 2020 as our maintenance manager. He has great carpentry knowledge and specialises in defects and ongoing maintenance for Mavi Built. Luke also assists in various onsite carpentry roles and the management of key stages of building where required.

Arif Yildirim

Contract Administrator

Arif started with Mavi Built in 2016 as an estimator, assisting with all tendering for Mavi Built. Arif is now a contract administrator, he is responsible for running live projects, schedule assistance, accounting liaison, key contracting preparation tasks, estimating and all administration aspects of running live and pre-construction projects.

Adam Gazic

Senior Project Manager

Adam started with Mavi Built in 2012 as a contract administrator and is now a senior project manager. He is responsible for running live projects, scheduling, accounting liaison, key contracting preparation tasks and general overview and planning requirements for any live and pre-construction tasks.

Christina Raftopoulos

Accounts and Admin Manager

Christina is George’s sister and started her career with Mavi Built as a bookkeeper in 2015. She is now George`s PA and Head of Accounts, looking after admin and finances. Christina assists George with administration and accounting duties, including contract administration, operations and other general tasks.

Rhys Cunningham

Site Manager

Rhys started with Mavi Built as a 3rd year apprentice in 2017. Rhys has followed a similar path to Daniel, starting as an apprentice carpenter and now being a head site manager. Rhys is currently undergoing a course to become a registered builder to further his career with Mavi Built and his knowledge in the industry.

Daniel Vassillos

Site Manager

Daniel started as an apprentice with Mavi Built back in 2009 and has made huge strides since then, becoming a leader in the company. He started as an apprentice carpenter, to leading hand carpenter, to the maintenance and defects manager to now being a head site manager.

Daniel is George’s right hand man, assisting to manage on-site duties and day-to-day functions, including the management of the on-site specialist team.

George Raftopoulos

Managing Director

A carpenter by trade, George began his building career with a successful carpentry business before establishing Mavi Built in 2009. Having worked hands-on building projects from the ground up, George has the technical knowledge and construction expertise to ensure all projects are built and finished to the highest standard.

George acts as the Construction Manager and Senior Project Manager on all projects and overseas all construction works, liaising with the site and project management team on a daily basis to ensure build quality, planning and client satisfaction remain the focus on all projects.