Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1502
Level 15
Prime 2 Bed Residences
Terra Residences — Unit A1502 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$1,005,000
3.4% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
87m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,005,000
NSW Stamp Duty
$39,755
Est. Weekly Rent
$650/wk
Gross Yield
3.36%
Year 1 After-Tax Cashflow
$-5,050
Est. Mortgage (80% LVR)
$1135/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 34% above the suburb's $750,000 median unit price, this 87m² 2 bedroom apartment investment carries a premium for its prime 15th-floor position in a low-density project. The $650/week estimated rent translates to a 3.36% yield, and with a solid ASPIRE Score of 61/100, it targets investors prioritising capital growth over immediate cashflow, as reflected in the first-year estimated after-tax position of -$5,050.
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Melrose Park Suburb Profile
2114 · Median $750K
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