What is the price of Unit A1105 at Terra Residences?

Unit A1105 is priced at $995,000.

What is the rental yield for this apartment?

The estimated gross rental yield is 3.4%, based on an expected rent of $650 per week.

How does this unit compare to the median price in Melrose Park?

This apartment is priced just above the Melrose Park median unit price of $750,000.

What makes Melrose Park appealing for buyers?

Melrose Park offers strong five-year unit price growth, a welcoming community, quality schools, and excellent transport links.

Is this apartment suitable for investors or owner-occupiers?

With its spacious layout, high-floor position, and strong local demand, Unit A1105 suits both investors and owner-occupiers.

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Residence

Unit A1105

Level 11

Prime 2 Bed Residences

Name: Unit A1105 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 995000 AUD
Availability: InStock

Terra Residences — Unit A1105 | 2B/2B/1C

33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114

61ASPIRE

$995,000

3.4% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

96m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$995,000

NSW Stamp Duty

$39,305

Est. Weekly Rent

$650/wk

Gross Yield

3.40%

Year 1 After-Tax Cashflow

$-4,830

Est. Mortgage (80% LVR)

$1124/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

This $995,000 2 bedroom apartment Melrose Park investment presents a strategic entry point priced just above the $750,000 suburb median, offering access to the area's strong 28.5% five-year unit growth. The 11th-floor position in Building A provides a light-filled, north-facing aspect and 96m² of space ideal for professionals or small families. With an ASPIRE Score™ of 61/100, the estimated $650/week rent translates to a 3.4% yield, and first-year investors can anticipate an after-tax cashflow position of -$4,830.