Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1602
Level 16
Prime 2 Bed Residences
Terra Residences — Unit A1602 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$1,010,000
3.4% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
87m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,010,000
NSW Stamp Duty
$39,980
Est. Weekly Rent
$650/wk
Gross Yield
3.35%
Year 1 After-Tax Cashflow
$-5,160
Est. Mortgage (80% LVR)
$1141/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 $1,010,000, this 2-bedroom apartment offers a strategic entry point at a premium just 34.7% above Melrose Park's $750,000 median unit price, backed by its solid 61/100 ASPIRE Score™. This high-level residence in Building A delivers a practical 87m² floorplan in a suburb where a tight 1.8% vacancy rate underscores strong tenant demand. With a calculated first-year after-tax cashflow of -$5,160, this investment is geared for capital growth, positioning you in a market where unit values have risen 28.5% over the past five years.
Explore Other Residences
Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
Property Insights
Crows Nest 2026 Market Analysis: Top Sydney Villages
Discover Crows Nest's property market potential in 2026, featuring data-driven insights on unit growth, investment oppor
Discovering Little Bay Lifestyle: Affordable Coastal Living
Discover the charm of Little Bay, NSW 2036, where coastal living meets community vibes—offering a unique lifestyle witho
Parramatta vs Neighbouring Suburbs: Value Comparison
Explore the investment potential of Parramatta versus its neighboring suburbs, highlighting rental yields and ASPIRE sco