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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.
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Melrose Park Suburb Profile
2114 · Median $750K
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