Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1308
Level 13
Prime 2 Bed Residences
Terra Residences — Unit A1308 | 3B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
55ASPIRE
$1,500,000
2.3% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
1
Car Space
114m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,500,000
NSW Stamp Duty
$64,910
Est. Weekly Rent
$650/wk
Gross Yield
2.25%
Year 1 After-Tax Cashflow
$-15,914
Est. Mortgage (80% LVR)
$1694/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
Despite a modest 2.25% yield, this $1.5M 3-bedroom apartment in Melrose Park offers significant equity potential, priced against a $750,000 suburb median. Unit A1308's 114sqm floorplan delivers family-scale space, aligning with a suburb boasting a tight 1.8% vacancy rate and strong 28.5% five-year growth. Its ASPIRE Score™ of 55 signals a value-add proposition, where the estimated first-year cashflow shortfall of $-15,914 is strategically offset by robust long-term capital growth in this high-demand rental market.
Explore Other Residences
Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
Property Insights
Zetland 123-Residence: A Smart Investment Guide
Explore the investment potential of Zetland's 123-Residence Executive Sanctuary, featuring a 5.1% rental yield in Sydney
Negative Gearing in Zetland: What to Expect Post-2027
Explore the impact of 2027’s negative gearing reforms on Zetland's off-the-plan apartments. Understand grandfathered rig
Explore Parramatta's $620k Light Rail Apartments
Explore Parramatta's thriving real estate scene with our comprehensive guide on the $620,000 two-bedroom apartments offe