Residual at target margin
Set a target development margin or equity IRR. Popurise returns the land value the project can pay.
Use case · acquisitions
Bid the right number on the right site.
Popurise turns scheme, build, finance and revenue assumptions into a defensible land bid. Read the residual at a target margin, the bid sensitivity to each input and the walk-away price, before you sign the EOI.
The job
Translate the project into a bid you can defend.
A bid is not a number plucked off a comparable. It is the answer to: what land value does this project carry at our target margin, after build, finance, statutory and selling costs.
Bid sensitivity, line by line
See how much the bid moves when build, GRV, finance and statutory each shift by a defined range.
Scheme uplift cases
Test what an additional level, a sharper mix or improved car ratio does to the residual.
Walk-away price
A clean breakeven number you can take into the EOI room and the JV meeting.
Bid versus comparable
Compare the residual against recent settled comparable land sales in the same submarket.
Auditable assumptions
Every input has a source note. The bid is reproducible by anyone on the team.
When it matters
The four bid moments that swing the deal.
EOI close in 48 hours
Five sites, two bids you can submit, one you should walk on. The residual sets the order.
Off-market intro
The vendor wants a number. You need one that holds against the scheme you can actually build.
Sharpening a JV split
The land owner wants more. You need to show what the project can support, line by line.
Vendor counter
Counter comes back 8% above your bid. You need to know which input moves the bid that far.
Inputs and outputs
The drivers of a credible bid.
The bid is a back-solve. Hold target margin and GRV fixed, vary build and finance, and the land value falls out.
Inputs that drive it
- Scheme size, mix and GFA
- Target development margin or equity IRR
- Construction $/m² by component and contingency
- Per-unit GRV and settlement profile
- Statutory contributions and authority fees
- Senior debt LVR, rate and fees
- Selling and marketing costs
Outputs that matter
- Residual land value at target margin
- Maximum viable bid before breakeven
- Bid sensitivity by input (build, GRV, finance)
- Equity quantum at the indicative finance terms
- Walk-away price for the bid sheet
- Implied $/m² of land at the bid
From scheme to bid
The bid workflow in Popurise.
- 01
Frame the scheme
Set dwelling count, mix, GFA, car parks and indicative levels. Popurise pre-loads Australian defaults.
- 02
Anchor the target
Pick a target development margin and an equity IRR floor. These are the constraints the bid must satisfy.
- 03
Run the residual
Popurise solves for the land value that delivers the targets, given build, finance and revenue.
- 04
Stress the bid
Move build, GRV and finance through a defined range. See where the bid is fragile and where it is robust.
Versus the alternative
The bid that holds up after due diligence.
Comparable-driven bid
Bid set off the comparable sheet
- Number anchored to last settled sale, not your scheme
- No record of which inputs the bid assumed
- Counter offer kills the deal because there is no fallback
- JV partner asks why and the answer is the comparable
Popurise
Residual-driven bid
- Bid back-solved from the project the team will build
- Every input source-noted and reproducible
- Walk-away price set in advance, defended in the room
- JV partner sees the logic, line by line
Set your next land bid in Popurise.
No spreadsheets. No setup. Fourteen-day free trial, no credit card.