Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1008
Level 10
Prime 2 Bed Residences
Terra Residences — Unit A1008 | 3B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
55ASPIRE
$1,470,000
2.3% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
1
Car Space
114m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,470,000
NSW Stamp Duty
$63,260
Est. Weekly Rent
$650/wk
Gross Yield
2.30%
Year 1 After-Tax Cashflow
$-15,256
Est. Mortgage (80% LVR)
$1660/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 an ASPIRE Score™ of 55/100, this unit’s $1.47M price point reflects its generous 114m² 3-bedroom footprint, offering family-sized space in a tightly held suburb with 28.5% 5-year unit growth. This north-facing apartment on the 10th floor provides a quiet, elevated lifestyle minutes from Kissing Point Park and local schools. The estimated $650/week rent highlights strong tenant demand in a market with a 1.8% vacancy rate, though investors should note the initial $-15,256 annual cashflow position.
Explore Other Residences
Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
Property Insights
Kensington Investment Blueprint: Grow with $1.15M Apartments
Unlock financial growth with the Kensington Investment Blueprint, your guide to maximizing yields and engineering succes
Kensington Property Buying Blueprint for Smart Investors
Unlock the secrets to smarter property investment in Kensington, NSW. Learn how to minimize stamp duty and optimize lend
Luxury Awaits: Kensington NSW 2033 Apartments
Discover why The Kensington, just 6km from Sydney CBD, offers unparalleled luxury and high rental yields, making it a pr