Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1006
Level 10
Prime 2 Bed Residences
Terra Residences — Unit A1006 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$1,010,000
3.4% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
89m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,010,000
NSW Stamp Duty
$39,980
Est. Weekly Rent
$650/wk
Gross Yield
3.35%
Year 1 After-Tax Cashflow
$-5,160
Est. Mortgage (80% LVR)
$1141/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
Priced at $1,010,000, this 2 bedroom apartment in Melrose Park presents a strategic entry into a high-demand suburb where units have grown 28.5% over five years, despite its ASPIRE Score™ of 61/100. The well-configured 89sqm layout on the 10th floor offers a functional family footprint or investor-friendly dual-bathroom appeal in this tightly held locale. With an estimated rent of $650 per week and a low 1.8% vacancy rate, strong tenant demand helps offset the initial cashflow position, positioning this for long-term capital growth in a suburb with 78/100 growth potential.
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Melrose Park Suburb Profile
2114 · Median $750K
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