Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1403
Level 14
Prime 2 Bed Residences
Terra Residences — Unit A1403 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,045,000
3.2% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
93m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,045,000
NSW Stamp Duty
$41,555
Est. Weekly Rent
$650/wk
Gross Yield
3.23%
Year 1 After-Tax Cashflow
$-5,928
Est. Mortgage (80% LVR)
$1180/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 $1,045,000, this 2-bedroom apartment sits above Melrose Park's $750,000 median, signalling its premium positioning within a suburb boasting strong 28.5% 5-year unit growth. The 14th-floor residence offers a spacious 93m² layout, catering to professionals seeking modern convenience near transport and parks. With a $650/week estimated rent against the suburb's tight 1.8% vacancy rate, it presents a high-demand holding, though investors should note the ASPIRE Score™ of 60/100 reflects its initial cashflow position of -$5,928 annually.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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