Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1505
Level 15
Prime 2 Bed Residences
Terra Residences — Unit A1505 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,035,000
3.3% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
96m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,035,000
NSW Stamp Duty
$41,105
Est. Weekly Rent
$650/wk
Gross Yield
3.27%
Year 1 After-Tax Cashflow
$-5,708
Est. Mortgage (80% LVR)
$1169/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 $1,035,000, this prime 2-bedroom apartment presents a strategic entry into Melrose Park's tightly held market, sitting above the $750,000 median and supported by a robust 28.5% 5-year unit growth. The 15th-floor position in Building A delivers a sunny aspect and spacious 96m² layout, catering to professionals or small families drawn to the suburb's strong community appeal and 65/100 walkability. With an ASPIRE Score of 60/100, investors can target the suburb's high 78/100 growth potential, leveraging the $650 weekly rent against a low 1.8% vacancy rate for long-term stability.
Explore Other Residences
Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
Property Insights
Kensington Investment Blueprint: Grow with $1.15M Apartments
Unlock financial growth with the Kensington Investment Blueprint, your guide to maximizing yields and engineering succes
Kensington Property Buying Blueprint for Smart Investors
Unlock the secrets to smarter property investment in Kensington, NSW. Learn how to minimize stamp duty and optimize lend
Luxury Awaits: Kensington NSW 2033 Apartments
Discover why The Kensington, just 6km from Sydney CBD, offers unparalleled luxury and high rental yields, making it a pr