.
You are required to read the following case study and prepare a Project Feasibility Study and
Timeline based on the information contained in the case study.
Residential Duplex Development Project
You own a real estate development business with cash reserves for funding development projects
of $800,000.
Your current business project is to successfully complete, within a nine month timeframe, a small
residential development in a regional centre (a place that is not a suburb in a capital city) in the
state that you reside in. This will require you to locate:
1. A regional centre in your state with a growing population that currently has more than 10,000
residents;
2. A block of land for sale that is large enough to construct a duplex (two attached residences)
based on the minimum land allotment size prescribed by the local council and that is selling
for a price you can afford;
3. A builder that will construct a duplex on your chosen block of land for a price you can afford.
Your primary objective is to create as much equity as possible (value of your constructed duplex
less all project costs) and as much income as possible (rent collected from tenanted duplex less all
holding costs).
Your assessment task is to prepare and submit a Project Feasibility Study and Project Timeline.
Templates for both of these will be made available to you but you are welcome to modify them or
use your own templates if you wish.
You are expected to source real statistics and information rather than providing estimates. This can be achieved by conducting internet research of relevant websites and emailing or telephoning relevant people and organisations.
You will also be required to prepare an explanation supported by evidence of where you sourced
each item of information in your assessment submission from. How you do this is entirely up to you.
You may prepare a separate report based on each of the headings in the project feasibility study or
you may include the information in your project feasibility study and project timeline as an
appendix.
Your explanation report cannot exceed 2,000 words and it must also include:
demographic factors taken into account when determining feasibility)
and other people-related considerations)
The word limit does not apply to the feasibility study or the timeline.
You are required to include a minimum of 15 references in your report at least 5 of which must come from academic journals or textbooks.
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