Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1303
Level 13
Prime 2 Bed Residences
Terra Residences — Unit A1303 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,035,000
3.3% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
93m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,035,000
NSW Stamp Duty
$41,105
Est. Weekly Rent
$650/wk
Gross Yield
3.27%
Year 1 After-Tax Cashflow
$-5,708
Est. Mortgage (80% LVR)
$1169/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 at a sharp $285,000 below the suburb's $750,000 unit median, this 2 bedroom apartment Melrose Park investment offers immediate equity potential with a compelling ASPIRE Score™ of 60/100. The functional two-bathroom layout on the 13th floor provides a practical footprint for the area's tenant base seeking modern convenience. With estimated rent of $650 per week, investors can leverage a 3.27% yield against a market experiencing a tight 1.8% vacancy rate, signalling strong rental demand.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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