Planning potential
Relevant zoning, density, development standards, approval pathway and planning considerations that may affect the site.
Feasibility &Development Management
Know what is possible. Know what it takes. Then manage it properly.
Before committing to a property development, you need more than an indication of what may fit on the land. You need to understand the planning position, site constraints, likely development cost, potential end value, key risks and the decisions that will determine whether the opportunity is worth pursuing.
xtrude Property Group provides property development feasibility and Development Management in Perth. We help clients test an opportunity before major commitments are made and, where the project proceeds, provide the management structure needed to move it through design, approvals, procurement, construction and completion.
Development Feasibility
A decision tool before it becomes a project.
A feasibility should answer a commercial question, not simply produce a development yield. The scope is shaped around the decision being made, whether you are considering buying a site, deciding what to do with land you already own, comparing development options or reassessing a project that has already started.
The objective is to bring the key assumptions into one view so the opportunity can be assessed before significant design, approval or construction expenditure is committed.
What we test
Site and title constraints
Title interests, access, existing improvements, servicing, site conditions and other known constraints that can influence development.
Development options
Practical development scenarios, indicative yield and the trade-offs between different ways of using the site.
Preliminary costs
Indicative development expenditure such as consultants, approvals, site works, servicing, construction, statutory costs, finance allowances and contingency where relevant.
Revenue and market position
Potential end values and the relationship between the proposed product, location and intended market.
Commercial performance
The combined effect of costs, revenues, timing and assumptions on the potential viability of the opportunity.
What You Receive
Clear outputs that support a decision.
The exact scope depends on the property and the decision you need to make, but a feasibility engagement may include the following outputs:
01
Site and planning summary
A concise record of the development context, material constraints and issues requiring further investigation.
02
Development scenarios
One or more practical development directions showing the assumptions being tested.
03
Feasibility model
A project-level view of anticipated costs, revenue assumptions, timing and indicative commercial performance.
04
Risk and sensitivity review
Identification of the assumptions most capable of changing the outcome, including where further due diligence is required.
05
Recommendation and next actions
A clear view on the preferred direction, matters to resolve and what should happen before the next commitment is made.
The Feasibility Is Not Static
Re-test the numbers when the project changes.
A project can move away from its original feasibility as design develops, approval conditions are imposed, construction pricing changes or the programme moves. Development decisions should therefore be tested against the commercial position rather than treated as isolated design or construction choices.
Where xtrude continues into Development Management, material changes can be reviewed against their effect on:
- Project cost.
- Anticipated end value.
- Programme and holding period.
- Design and product quality.
- Approval and delivery risk.
The purpose is not to protect an old spreadsheet. It is to keep the project’s commercial logic visible as better information becomes available.
Development Management
Turn the approved strategy into a controlled project.
Once the development direction is established, the challenge changes. The project now requires multiple consultants, authorities, contractors, decisions, budgets and deadlines to remain coordinated.
Development Management is the client-side oversight of those moving parts. xtrude acts as the central development lead, coordinating the project team and keeping decisions connected to the agreed commercial and project objectives.
What we manage
Project brief and strategy
Translate the feasibility and client objectives into a working brief, priorities, responsibilities and delivery plan.
Consultants and information
Procure or coordinate the required consultants, clarify responsibilities and manage the information needed between disciplines.
Approvals and conditions
Coordinate planning, authority and service-provider requirements, track conditions and maintain visibility of outstanding items.
Budget and commercial control
Maintain the development budget, track commitments and changes, and identify decisions that materially affect forecast cost.
Procurement and contractor interface
Coordinate pricing, tender information, scope comparison, procurement activities and appointment inputs as required.
Construction oversight
Monitor the development position through construction, including programme, cost, information, variations, quality issues and material risks.
Completion and close-out
Coordinate the development-side requirements for completion, defects, clearances, titles, handover and project close-out as applicable.
How the Project Stays Under Control
The management system the client should be able to see.
Development Management should give the client better visibility, not simply add another layer between them and the project team. Depending on the scope of appointment, xtrude may maintain the following project controls:
01
Development budget
Current forecast costs, commitments, approved changes and known commercial movements.
02
Master programme
Key dates and dependencies across design, approvals, procurement, construction and completion.
03
Risk register
Material planning, commercial, design, procurement and construction risks, together with required actions.
04
Decision register
A clear record of major decisions and, where relevant, their effect on cost, programme, scope or quality.
05
Consultant and approvals tracker
Responsibilities, information requirements, submissions, conditions and unresolved items.
06
Project reporting
Structured updates covering progress, budget, programme, risks, decisions and the immediate priorities requiring action.
Questions this page should answer
Feasibility and Development Management, explained.
01
What is a property development feasibility?
A development feasibility brings the main planning, site, cost, revenue, timing and risk assumptions together to assess whether a proposed development direction warrants further commitment.
02
When should I complete one?
Ideally before purchasing a development site, committing to a design direction or spending materially on approvals. It can also be used to compare options on land you already own or to reassess an existing project.
03
Is the website feasibility calculator the same as a project feasibility?
No. The website tool should be positioned as an initial screening tool. A project-specific feasibility considers the information, assumptions and risks relevant to the particular property and decision.
04
What information do you need to start?
A property address and a short explanation of what you are considering is enough to begin the conversation. Existing surveys, plans, approvals, consultant reports, cost information or previous feasibility work can be reviewed if available.
05
Can you assess a site I have not purchased yet?
Yes. Feasibility and due diligence can be undertaken before acquisition so the development assumptions can be better understood before a purchase decision is made.
06
What if the feasibility does not support the original idea?
The result may point to an alternative development scenario, identify assumptions that need further investigation or indicate that the project should not proceed in its current form. That is still a useful commercial outcome.
07
Can xtrude manage the development if I proceed?
Yes. The Development Management scope can follow directly from feasibility or commence later, depending on the project and the level of assistance required.
08
Can xtrude take over a project that is already underway?
Potentially. The first step is to review the current project position, existing appointments, approvals, design, budget, programme and key unresolved matters before defining the remaining management scope.
09
Does a feasibility guarantee approval, cost or profit?
No. Feasibility relies on assumptions and information available at the time. Planning outcomes, market conditions, construction pricing, finance and other variables can change. The purpose is to improve the quality of the decision, not to guarantee an outcome.
10
How are fees determined?
The scope and fee should be agreed after xtrude understands the property, project stage, complexity and the decision or management responsibility required.
What are you considering?
Tell us about the property or the project.
If you own a property, are considering an acquisition or already have a development underway, send us the basic project information. We will review the opportunity and discuss the most appropriate next step.
Thank you.
We have received your project information and will review it before contacting you to discuss the next step.
Before you commit, understand the opportunity.
Bring us the site, the idea or the project as it stands. We will help identify what needs to be tested and what the next decision should be.
Discuss Your Site