What is the price of Unit A1106 at Terra Residences, Melrose Park?

Unit A1106 is priced at $1,020,000.

What is the estimated rental yield for this Melrose Park apartment?

The estimated gross rental yield is 3.3%, with an expected rent of $650 per week.

How does the median unit price in Melrose Park compare?

The median unit price in Melrose Park is $750,000, making Unit A1106 a premium new-build option.

What amenities and lifestyle benefits does Melrose Park offer?

Melrose Park features quality schools, excellent transport links, parks, shopping, and a strong community vibe.

Is Melrose Park a good suburb for families and professionals?

Yes, with its proximity to employment hubs, quality schools, and strong community, Melrose Park suits both families and professionals.

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Residence

Unit A1106

Level 11

Prime 2 Bed Residences

Name: Unit A1106 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 1020000 AUD
Availability: InStock

Terra Residences — Unit A1106 | 2B/2B/1C

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

61ASPIRE

$1,020,000

3.3% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

89m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$1,020,000

NSW Stamp Duty

$40,430

Est. Weekly Rent

$650/wk

Gross Yield

3.31%

Year 1 After-Tax Cashflow

$-5,379

Est. Mortgage (80% LVR)

$1152/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

Positioned at a sharp $270,000 below the suburb’s $750,000 median unit price, this 2 bedroom apartment in Melrose Park presents a compelling entry point with immediate equity potential. The 11th-floor, two-bathroom layout offers a functional family or investor footprint in a suburb known for its strong 28.5% five-year growth and tight 1.8% vacancy rate. With an ASPIRE Score™ of 61/100 and an estimated weekly rent of $650, this property targets capital growth, offsetting the first-year cashflow position to position you for long-term gains in a high-demand market.