Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1506
Level 15
Prime 2 Bed Residences
Terra Residences — Unit A1506 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,060,000
3.2% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
90m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,060,000
NSW Stamp Duty
$42,230
Est. Weekly Rent
$650/wk
Gross Yield
3.19%
Year 1 After-Tax Cashflow
$-6,257
Est. Mortgage (80% LVR)
$1197/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
This 2 bedroom apartment in Melrose Park presents a strategic entry point at $1,060,000, positioned just above the suburb's $750,000 median unit price, backed by a 28.5% five-year growth trajectory. The 15th-floor residence offers two generous bathrooms and north-facing aspect, delivering a low-maintenance lifestyle minutes from Kissing Point Park and local schools. With an estimated rent of $650 per week aligning with strong local demand, this investment carries a calculated first-year cashflow position of $-6,257 and holds a solid ASPIRE Score™ of 60 for its long-term fundamentals.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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