Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1301
Level 13
Prime 2 Bed Residences
Terra Residences — Unit A1301 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,110,000
3.0% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
111m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,110,000
NSW Stamp Duty
$44,480
Est. Weekly Rent
$650/wk
Gross Yield
3.05%
Year 1 After-Tax Cashflow
$-7,354
Est. Mortgage (80% LVR)
$1254/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 $1.1M, this 111sqm 2-bedroom apartment offers a significant 48% more space than the suburb's median unit price point, presenting a compelling value-for-size proposition. Unit A1301 on the 13th floor provides a generous dual-bedroom layout designed for professional sharers or small families seeking space in Melrose Park's tightly held market. With an ASPIRE Score™ of 60/100, investors should note the current estimated $7,354 annual cashflow shortfall is balanced by robust 28.5% 5-year unit growth, signalling a strategy focused on long-term capital appreciation over immediate yield.
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