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Residence
Unit A1305
Level 13
Prime 2 Bed Residences
Terra Residences — Unit A1305 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$1,015,000
3.3% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
96m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,015,000
NSW Stamp Duty
$40,205
Est. Weekly Rent
$650/wk
Gross Yield
3.33%
Year 1 After-Tax Cashflow
$-5,269
Est. Mortgage (80% LVR)
$1146/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
With an ASPIRE Score™ of 61/100, this 2 bedroom apartment Melrose Park investment is priced at $1,015,000, offering a strategic entry into a suburb where unit prices have climbed 28.5% over five years. The generous 96 sqm layout with two full bathrooms caters to professional sharers or small families, supported by the suburb’s strong rental demand evidenced by a low 1.8% vacancy rate. While the initial yield is 3.33%, the property’s cashflow position is enhanced by the suburb’s robust median income of $85,000, underpinning tenant stability and long-term rental growth.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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