Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1508
Level 15
Prime 2 Bed Residences
Terra Residences — Unit A1508 | 3B/2B/2C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
55ASPIRE
$1,580,000
2.1% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
2
Car Spaces
115m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,580,000
NSW Stamp Duty
$69,310
Est. Weekly Rent
$650/wk
Gross Yield
2.14%
Year 1 After-Tax Cashflow
$-17,670
Est. Mortgage (80% LVR)
$1785/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
Commanding a $1,580,000 price point, this 3 bedroom apartment in Melrose Park presents a distinct, high-calibre investment proposition with an ASPIRE Score™ of 55/100. The spacious 115m² residence offers a generous 3 bed, 2 bath, 2 car configuration on level 15, catering perfectly to a premium family lifestyle. While the $650/week estimated rent delivers a 2.14% yield, investors should note the Year 1 after-tax cashflow of -$17,670, positioning this for a strategy focused on capital growth in a suburb with 28.5% 5-year unit growth.
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