Land Valuation

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of Lots Minimum Maximum Average 58 43 29 30 46 43 34 34 37 6 39 52 41 30 15 51 40 29 29 37 57 62 63 905 221 294 294 336 263 221 400 221 400 336 238 294 294 263 448 294 336 294 336 400 336 221 225 221 650 512 512 448 512 540 512 512 512 448 670 540 512 512 512 595 750 550 512 576 576 512 440 750 414 424 398 389 369 429 444 397 436 355 385 429 436 416 461 416 449 442 440 459 435 438 313 415 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Total Stage 1 incorporates a medium density site of 4,600 sq.m.. The summation of these items provides for a total development cost as summarised below: Stage Area (sq.m.) 1 1A 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 4.456 2.675 1.651 1.586 2.449 4.19 1.978 2.259 2.093 0.404 5.431 3.155 2.522 4.214 2.316 3.673 3.138 2.019 1.678 Crown Allotment 2 Black Forest Road, Werribee PAGE 12 Construction and Infrastructure Costs 5,940,019 2,438,136 1,770,568 1,540,362 2,555,470 4,746,949 1,870,490 3,358,606 1,789,487 459,885 5,124,928 2,973,514 2,288,016 3,032,693 2,768,059 4,000,108 3,600,839 2,099,829 1,619,755 GAIC and DCP 3,455,344 625,913 277,813 371,102 573,032 980,401 462,824 528,574 489,733 94,530 1,757,332 1,020,877 816,054 377,525 207,487 896,292 281,128 259,053 542,958 Total 9,395,364 3,064,049 2,048,381 1,911,464 3,128,501 5,727,350 2,333,314 3,887,180 2,279,219 554,415 6,882,260 3,994,391 3,104,070 3,410,218 2,975,545 4,896,400 3,881,967 2,358,882 2,162,713 Stage Area (sq.m.) 20 21 22 23 24 25 Ison Road Active OS Total 2.281 3.547 3.653 3.744 1.008 2.106 2.203 16.151 86.580 Construction and Infrastructure Costs 2,006,427 3,350,905 3,376,613 4,171,442 203,393 1,188,596 68,275,088 GAIC and DCP Total 738,073 1,147,718 1,182,017 1,211,462 90,305 188,673 197,363 ( 4,316,184) 14,457,398 2,744,500 4,498,623 4,558,630 5,382,904 90,305 188,673 400,756 ( 3,127,588) 82,732,486 The cost of the noted items will be incurred with the development of Stage 23 The development cost estimate identifies allowances for external si

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