Cost of Ownership
Benchmarks every building against the portfolio median on a cost-per-asset basis, net of what was recovered from subcontractors and warranties. It answers the question a board actually asks: which buildings cost more to run than they should, what asset classes are driving it, and how much is addressable.
$459,649
Gross running cost
$72,700
Recovered from others
$386,949
Net cost you carried
$6,930
Benchmark per asset
12
Buildings benchmarked
2
Above benchmark
Buildings running more than 25% above the portfolio median. Excess is what they'd save by performing at median.
Athena Quays — Hope Island
$49,072 per asset · 0 assets in poor condition
$168,566
excess
No.1 Grant Avenue — Hope Island
$16,960 per asset · 0 assets in poor condition
$50,150
excess
Total addressable excess
$218,716
Net spend by asset class, after recoveries.
Hydraulics & water
$195,496
113 assets · $1,730 each
Mechanical & HVAC
$65,200
229 assets · $285 each
Pool & wellness plant
$50,900
14 assets · $3,636 each · $33,500 recovered
Lifts & vertical transport
$28,980
21 assets · $1,380 each · $22,400 recovered
Building fabric
$22,000
111 assets · $198 each
Fire & life safety
$21,500
133 assets · $162 each · $16,800 recovered
Security & access
$1,893
3 assets · $631 each
Electrical & backup power
$980
4 assets · $245 each
Normalised so buildings of different sizes compare fairly. Portfolio median is $6,930 per asset — anything more than 25% above it is where money is leaking.
Athena Quays — Hope Island
Above benchmark4 assets · 4 critical · 0 in poor condition · 35 amenity days lost
$49,072
+608% vs median
Gross spend
$252,186
Recovered
$55,900
Net carried
$196,286
No.1 Grant Avenue — Hope Island
Above benchmark5 assets · 4 critical · 0 in poor condition · 19 amenity days lost
$16,960
+145% vs median
Gross spend
$101,600
Recovered
$16,800
Net carried
$84,800
Orama — Chevron Island
In line3 assets · 3 critical · 0 in poor condition
$7,333
+6% vs median
Gross spend
$22,000
Recovered
$0
Net carried
$22,000
35 Grant Avenue — Hope Island
In line3 assets · 2 critical · 0 in poor condition · 7 amenity days lost
$6,930
0% vs median
Gross spend
$20,790
Recovered
$0
Net carried
$20,790
The Landmark — Tower One
In line7 assets · 7 critical · 0 in poor condition
$6,211
-10% vs median
Gross spend
$43,480
Recovered
$0
Net carried
$43,480
Athena Residences — Hope Island
Below benchmark4 assets · 2 critical · 0 in poor condition · 11 amenity days lost
$4,098
-41% vs median
Gross spend
$16,393
Recovered
$0
Net carried
$16,393
Ferry Road Showroom — Southport
Below benchmark2 assets · 1 critical · 0 in poor condition
$1,600
-77% vs median
Gross spend
$3,200
Recovered
$0
Net carried
$3,200
New Building
Below benchmark1212 assets · 0 critical · 0 in poor condition
$0
-100% vs median
Gross spend
$0
Recovered
$0
Net carried
$0
The Landmark — Experience Centre
Below benchmark1 assets · 1 critical · 0 in poor condition
$0
-100% vs median
Gross spend
$0
Recovered
$0
Net carried
$0
The Landmark — Towers Three & Four (Future)
Below benchmark2 assets · 2 critical · 0 in poor condition
$0
-100% vs median
Gross spend
$0
Recovered
$0
Net carried
$0
The Landmark — Tower Two
Below benchmark3 assets · 3 critical · 0 in poor condition
$0
-100% vs median
Gross spend
$0
Recovered
$0
Net carried
$0
The Landmark — Amenity Podium & Retail
Below benchmark7 assets · 5 critical · 0 in poor condition
$0
-100% vs median
Gross spend
$0
Recovered
$0
Net carried
$0