Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1304
Level 13
Prime 2 Bed Residences
Terra Residences — Unit A1304 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,050,000
3.2% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
101m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,050,000
NSW Stamp Duty
$41,780
Est. Weekly Rent
$650/wk
Gross Yield
3.22%
Year 1 After-Tax Cashflow
$-6,038
Est. Mortgage (80% LVR)
$1186/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
Securing this 2 bedroom apartment investment at $1,050,000 presents a strategic entry into Melrose Park's robust market, priced 40% above the suburb median reflecting its premium position. This 13th-floor residence with two full bathrooms and 101m² of space caters to growing families seeking space and convenience near Kissing Point Park. With an ASPIRE Score™ of 60/100 and an estimated $650/wk rent, investors can leverage a tight 1.8% vacancy rate and strong 28.5% five-year unit growth for long-term capital appreciation.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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