Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1401
Level 14
Prime 2 Bed Residences
Terra Residences — Unit A1401 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,120,000
3.0% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
111m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,120,000
NSW Stamp Duty
$44,930
Est. Weekly Rent
$650/wk
Gross Yield
3.02%
Year 1 After-Tax Cashflow
$-7,574
Est. Mortgage (80% LVR)
$1265/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
Priced at $1,120,000, this 2 bedroom apartment in Melrose Park offers a strategic entry point below the growing suburb median of $750,000, presenting a value-add buying opportunity. The spacious 111m² floorplan provides a premium lifestyle footprint in a tightly held suburb, catering directly to the lucrative $650/week rental market driven by local families and professionals. With an ASPIRE Score™ of 60/100, this investment delivers a calculated 3.02% yield for investors focused on long-term capital growth, supported by the suburb's strong 28.5% 5-year unit growth trend.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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