Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1206
Level 12
Prime 2 Bed Residences
Terra Residences — Unit A1206 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,030,000
3.3% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
89m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,030,000
NSW Stamp Duty
$40,880
Est. Weekly Rent
$650/wk
Gross Yield
3.28%
Year 1 After-Tax Cashflow
$-5,599
Est. Mortgage (80% LVR)
$1163/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
Priced at $1,030,000, this prime 2-bedroom, 2-bathroom apartment presents a strategic entry point into Melrose Park's tightly held market, sitting $280,000 below the current median unit price. Positioned on level 12 in Building A, the 89m² layout offers an efficient floorplan ideal for professionals or small families seeking modern convenience near transport and schools. With an ASPIRE Score™ of 60/100 and strong local rental demand at 1.8% vacancy, the estimated $650/week rent provides a foundational 3.28% yield while leveraging the suburb's 28.5% five-year unit growth trajectory.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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