Metrics
Development margin, guide and benchmarks
Formula
Development margin = (Net realisation − TDC) / Net realisation.
Benchmarks
15–20% is the standard target for build-to-sell apartments in Australia. Townhouses often run slightly lower in margin but higher in IRR thanks to staged settlements.
About this article
Published May 2026. Written by Popurise for Australian property developers.
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Cross-reference
Related models, use cases and definitions.
Glossary