Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1306
Level 13
Prime 2 Bed Residences
Terra Residences — Unit A1306 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,040,000
3.3% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
89m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,040,000
NSW Stamp Duty
$41,330
Est. Weekly Rent
$650/wk
Gross Yield
3.25%
Year 1 After-Tax Cashflow
$-5,818
Est. Mortgage (80% LVR)
$1175/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 as an immediate value proposition, this 2 bedroom apartment in Melrose Park presents at $1,040,000, offering entry below the current $750,000 suburb median for a strategic foothold. The practical 89m² dual-bath layout on the 13th floor caters to professionals and small families, leveraging the suburb's 65/100 walkability to local amenities. With a calculated ASPIRE Score of 60/100 and a realistic $650 weekly rent, investors target a 3.25% yield in a market where a tight 1.8% vacancy rate underpins strong rental demand.
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Melrose Park Suburb Profile
2114 · Median $750K
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