Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1408
Level 14
Prime 2 Bed Residences
Terra Residences — Unit A1408 | 3B/2B/2C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
55ASPIRE
$1,570,000
2.1% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
2
Car Spaces
114m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,570,000
NSW Stamp Duty
$68,760
Est. Weekly Rent
$650/wk
Gross Yield
2.15%
Year 1 After-Tax Cashflow
$-17,450
Est. Mortgage (80% LVR)
$1773/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
While its ASPIRE Score™ of 55/100 indicates a nuanced opportunity, this expansive 3 bedroom, 2 bathroom apartment in the Prime precinct offers a substantial 114m² family footprint in tightly-held Melrose Park. It presents a strategic entry point $180,000 below the current $750,000 unit median, targeting a specific demographic seeking space. The estimated first-year after-tax cashflow position of -$17,450 necessitates a growth-focused strategy, leveraging the suburb's strong 28.5% five-year unit growth trajectory.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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