Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1101
Level 11
Prime 2 Bed Residences
Terra Residences — Unit A1101 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,090,000
3.1% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
111m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,090,000
NSW Stamp Duty
$43,580
Est. Weekly Rent
$650/wk
Gross Yield
3.10%
Year 1 After-Tax Cashflow
$-6,915
Est. Mortgage (80% LVR)
$1231/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
Offering a strategic entry point priced at $1,090,000, this 2-bedroom apartment sits below the suburb's $750,000 unit median, presenting a tangible value proposition for the discerning investor. The north-facing floorplan on the 11th level provides a peaceful, light-filled sanctuary in a tightly held complex, positioned to capitalise on Melrose Park's steady 28.5% five-year growth. While the ASPIRE Score™ of 60/100 indicates a measured approach, the estimated $650/week rent leverages strong local demand, translating to a 3.1% yield in a market with a critically low 1.8% vacancy rate.
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Melrose Park Suburb Profile
2114 · Median $750K
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