Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1005
Level 10
Prime 2 Bed Residences
Terra Residences — Unit A1005 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$985,000
3.4% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
96m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$985,000
NSW Stamp Duty
$38,855
Est. Weekly Rent
$650/wk
Gross Yield
3.43%
Year 1 After-Tax Cashflow
$-4,611
Est. Mortgage (80% LVR)
$1113/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
With a compelling $985,000 entry point below the suburb's $750,000 unit median, this investment positions you ahead of the curve. This 10th-floor, 96m² 2 bedroom apartment in the Prime Project delivers modern dual-living spaces designed for professional tenants seeking convenience. The calculated $650/week rent taps directly into Melrose Park's tight 1.8% vacancy rate, offering a strategic entry with an ASPIRE Score™ of 61/100 for investors targeting 2 bedroom apartment Melrose Park investment opportunities.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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