Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1201
Level 12
Prime 2 Bed Residences
Terra Residences — Unit A1201 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,100,000
3.1% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
112m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,100,000
NSW Stamp Duty
$44,030
Est. Weekly Rent
$650/wk
Gross Yield
3.07%
Year 1 After-Tax Cashflow
$-7,135
Est. Mortgage (80% LVR)
$1242/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 below Melrose Park's $750,000 median unit price, this $1.1 million 2-bedroom apartment offers significant entry-point leverage into a market with 28.5% five-year growth. Unit A1201 on level 12 provides a north-facing, light-filled 112sqm layout ideal for professionals seeking space and connectivity near West Ryde station. With an ASPIRE Score™ of 60/100 and a forecast weekly rent of $650, investors can capitalise on the suburb's tight 1.8% vacancy rate for steady demand amidst moderate initial cashflow.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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