Land covers everything related to site acquisition: purchase price, acquisition costs, GST treatment, and any rental income before construction begins.
Land Purchase
Click + New Land to begin. Add multiple land purchases if required, each with its own GST and Margin Scheme setting.
Purchase Price
Select a Rate Type, $ Amount or $/m², and enter the rate. This figure carries through the entire feasibility as the land cost to the development.
Which figure to enter
Buying the site: the agreed purchase price or contracted land value
Site already owned: current market value, to model a true opportunity cost. Enter $0 to exclude land cost from the feasibility entirely
Amount owing: the outstanding debt on the land, where that is the cost being carried into the development
Land owner joint venture: the agreed land value set by the joint venture arrangement
Not sure what the site can support? The Residual Land Value report works backwards from a target margin to the maximum land price.
GST and the Margin Scheme
The two settings work together. The GST Included selection determines whether the Margin Scheme is available.
GST Included
Yes: GST is included in the purchase price and calculated automatically, shown in the Land GST Input Tax Credit field. The Margin Scheme locks to Not Applied
No: the Margin Scheme dropdown becomes available
Margin Scheme, available when GST Included is set to No
Not Applied: no Margin Scheme benefit
Applied: Feasly applies the ATO Consideration Method as an estimate, calculating GST as one eleventh of the margin, being total sale price inc GST less the land cost base. The benefit flows through the platform and is reported in the Feasibility Summary and Detailed Feasibility
Seek professional advice to confirm GST treatment and Margin Scheme eligibility.
Land Payments
Add any pre-settlement payments, such as deposits or option fees.
Acquisition Costs
All other land-related costs: legal fees, conveyancing, broker fees, entity setup costs, soil testing.
Stamp duty is a manual input. Rates vary by state and depend on buyer type, property type and applicable concessions, so Feasly leaves the field open rather than calculating a figure that may not apply. Check the relevant state revenue office or seek professional advice.
Pre-Development Rental Income
Where the site generates rental income before development begins, enable this to record it. Enabling rental income also unlocks rental costs.