Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1402
Level 14
Prime 2 Bed Residences
Terra Residences — Unit A1402 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$995,000
3.4% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
87m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$995,000
NSW Stamp Duty
$39,305
Est. Weekly Rent
$650/wk
Gross Yield
3.40%
Year 1 After-Tax Cashflow
$-4,830
Est. Mortgage (80% LVR)
$1124/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 at a $245,000 discount to the suburb’s $750,000 median unit price, this 2-bedroom apartment offers significant immediate equity potential. The 14th-floor residence in a modern block provides a low-maintenance lifestyle close to Kissing Point Park, ideal for professionals or downsizers. With a strong 4.5% suburb rental yield underpinning its $650 per week estimated rent, this investment leverages Melrose Park’s high-demand, low 1.8% vacancy market, as analytically reflected in its 61/100 ASPIRE Score™.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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