Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1503
Level 15
Prime 2 Bed Residences
Terra Residences — Unit A1503 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,055,000
3.2% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
93m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,055,000
NSW Stamp Duty
$42,005
Est. Weekly Rent
$650/wk
Gross Yield
3.20%
Year 1 After-Tax Cashflow
$-6,147
Est. Mortgage (80% LVR)
$1192/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 $1,055,000, this 2 bedroom apartment in Melrose Park offers entry into a market where unit prices have risen nearly 30% over five years. This north-facing 15th-floor residence provides a spacious 93m² layout with two bathrooms, catering to professionals or small families seeking space and light. With an estimated rent of $650 per week and the suburb's tight 1.8% vacancy rate, this investment is positioned for strong tenant demand, reflected in its ASPIRE Score™ of 60/100 for a strategic 2 bedroom apartment Melrose Park investment.
Explore Other Residences
Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
Property Insights
Zetland 123-Residence: A Smart Investment Guide
Explore the investment potential of Zetland's 123-Residence Executive Sanctuary, featuring a 5.1% rental yield in Sydney
Negative Gearing in Zetland: What to Expect Post-2027
Explore the impact of 2027’s negative gearing reforms on Zetland's off-the-plan apartments. Understand grandfathered rig
Explore Parramatta's $620k Light Rail Apartments
Explore Parramatta's thriving real estate scene with our comprehensive guide on the $620,000 two-bedroom apartments offe