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feasibility

A feasibility should tell you the truth about a project, including what happens if things go the wrong way. We model the numbers in-house, test the options side by side, and show you what has to go wrong for the project to fail, so you can decide with confidence.

What we do

Constraints before layouts
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Every constraint goes on one plan, and we measure the usable land before anyone draws lots or buildings.
At least two options
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One designed for the easiest approval, one testing a higher yield, compared side by side.
Worst case first
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Sensitivity on price, cost and time, and the break-even point.
Finance over the whole programme
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Holding and interest costs through approvals, construction and sales or ramp-up, with GST treatment.
Revenue from evidence
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Comparable sales and real trading figures, not optimistic estimates. For accommodation: rates by season, occupancy, channel costs, length of stay and the ramp-up to stable trading.
Cost by package
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An order of cost from a documented method, with design and construction contingency stated.
The slow case
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Seasonal survey windows, authority timeframes and referral triggers built into the programme.
Funding check
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Every feasibility tests grant and subsidy eligibility.
Community read
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The likely local and council response, recorded as a risk rather than left to the application.

Questions we get asked

What does a development feasibility study include?

A financial model of the project: what it will cost, what it will earn, how it will be financed and how long it will take. Ours also compares at least two options, tests the worst case, checks grant eligibility and records the likely community and council response as a risk.

How long does a feasibility take?

Typically five to ten weeks, depending on the size and complexity of the site and how much specialist input is needed.

Should I do a feasibility before I buy the land?

Ideally, yes, or at least before the purchase goes unconditional. A feasibility tells you what the land is worth to you and which conditions to put in your offer.

What if the feasibility says the project doesn’t work?

Then it’s done its job. You’ve found out before committing to consultants, approvals or construction, and the model often shows what would need to change for it to work, such as a different mix, layout or timing.

What makes a feasibility different in the South West?

South West projects carry their own risks. Tourism demand rises and falls with the seasons, much of the land is bushfire-prone or holds environmental value, and some surveys can only be done at certain times of year. We build all of this into the model, including the slow case, so the numbers reflect how a project really performs here.