$60,000 a year, backwards. We modelled every scheme that could fix it and one came out ahead. Three townhouses. The site had an active easement and limited room to move, but we designed around the constraints rather than against them. Permit lodged. Approved first time.
The client had been holding the site as a leased investment. On paper it looked fine, until the full carrying cost was totalled: interest, land tax, council rates and maintenance were running them backwards by $60K a year.
The first conversation wasn't "should we develop?" It was "what actually works here." We ran multiple schemes across different dwelling counts. Three townhouses was the only configuration that justified the holding cost, but the site's easement and land constraints made it genuinely difficult to execute.
Edward Bun · Founder
Three 3-bedroom townhouses was the scheme that cleared the feasibility floor. The easement was the problem, so we made it the starting point, designing the site layout around it from day one. Permit lodged clean, approved first time. The project is now under construction.
Multiple schemes modelled across different dwelling counts. Three townhouses was the only configuration that justified the holding cost.
Site layout designed around the active easement from day one. Permit lodged clean, approved first time.
Drawings to construction documentation, then competitive tender to pre-qualified builders.
Under construction. Weekly site walks, fortnightly owner updates, monthly progress claims certified by QS.
Defect list closed at PCI, then exit coordinated to maximise the return, whether sale, lease or refinance.
On paper a leased site can look fine. Interest, land tax, council rates and maintenance told the real story here: $60K a year, backwards. That number is what gave the client permission to act.
We ran multiple schemes across different dwelling counts. Three townhouses was the only configuration that justified the holding cost. Everything else fell short of the floor, so everything else got killed at concept.
The active easement made this site genuinely difficult to execute. Treating it as the starting point of the layout, rather than an obstacle to fight later, is why the scheme worked at all.
The application went in with the easement handled and the constraints answered before they were asked. Approved first time, no redesign rounds.
If you have a block that might do more, send it through. You'll get a free 72-hour read on whether there's a project worth pursuing, with the do-nothing case modelled alongside.