Ding Real EstateIntegrated 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
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