Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1001
Level 10
Prime 2 Bed Residences
Terra Residences — Unit A1001 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,080,000
3.1% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
111m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,080,000
NSW Stamp Duty
$43,130
Est. Weekly Rent
$650/wk
Gross Yield
3.13%
Year 1 After-Tax Cashflow
$-6,696
Est. Mortgage (80% LVR)
$1220/wk
6.19% rate, 30yr P&I
Financial projections are estimates only. Yields assume median suburb rents. Stamp duty calculated on NSW 2025/26 rates. Seek independent financial advice.
About This Residence
While priced at a premium $1,080,000 against the suburb median, this 2 bedroom apartment investment in Melrose Park offers undeniable scale within its 111m² layout. The spacious two-bed, two-bath configuration on the 10th floor caters to professionals or small families seeking room to grow in a suburb with strong 28.5% five-year unit growth. With an estimated rent of $650 per week, investors can leverage solid rental demand in a market with a tight 1.8% vacancy rate, underpinned by the property's ASPIRE Score™ of 60.
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Melrose Park Suburb Profile
2114 · Median $750K
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