Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1108
Level 11
Prime 2 Bed Residences
Terra Residences — Unit A1108 | 3B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
55ASPIRE
$1,480,000
2.3% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
1
Car Space
114m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,480,000
NSW Stamp Duty
$63,810
Est. Weekly Rent
$650/wk
Gross Yield
2.28%
Year 1 After-Tax Cashflow
$-15,475
Est. Mortgage (80% LVR)
$1672/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 3 bedroom apartment Melrose Park investment at $1,480,000 presents a strategic entry point, priced substantially below the suburb's $750,000 unit median. The 11th-floor residence in Building A delivers a spacious 114m² layout, ideal for capitalising on the area’s strong family demand and 28.5% five-year growth. While its ASPIRE Score™ of 55/100 indicates a focus on capital gain, investors benefit from a low 1.8% vacancy rate securing the estimated $650/week rental income.
Explore Other Residences
Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
Property Insights
Macquarie Park vs The Neighbourhood: 2113's Value Insights
Discover the key differences between Macquarie Park and The Neighbourhood in 2113, as we analyze property values, invest
Rhodes Living Profile: Walkability & Community Insights
Discover why Rhodes is a top-rated suburb for walkability and community vibes, blending easy transport access with a vib
Mastering Rhodes Unit Acquisition: A Financial Guide
Unlock the secrets of successful property investment in Sydney with our comprehensive guide on navigating stamp duty, op