Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1504
Level 15
Prime 2 Bed Residences
Terra Residences — Unit A1504 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,070,000
3.2% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
101m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,070,000
NSW Stamp Duty
$42,680
Est. Weekly Rent
$650/wk
Gross Yield
3.16%
Year 1 After-Tax Cashflow
$-6,477
Est. Mortgage (80% LVR)
$1209/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
Strategically positioned above Melrose Park's $750,000 unit median at $1,070,000, this 2 bedroom apartment investment presents a significant equity foundation. The two-bedroom, two-bathroom configuration on Level 15 offers expansive 101m² living tailored for professional tenants or downsizers. With a calculated rental yield of 3.16% against strong local demand evidenced by a 1.8% vacancy rate, it's an asset for capital-focused investors, underscored by its ASPIRE Score™ of 60/100.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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