Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1603
Level 16
Prime 2 Bed Residences
Terra Residences — Unit A1603 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,065,000
3.2% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
93m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,065,000
NSW Stamp Duty
$42,455
Est. Weekly Rent
$650/wk
Gross Yield
3.17%
Year 1 After-Tax Cashflow
$-6,367
Est. Mortgage (80% LVR)
$1203/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
Positioned at a compelling $315,000 below the suburb's $750,000 median unit price, this 2 bedroom apartment in Melrose Park presents a strategic entry point into a high-growth market. Occupying the 16th floor in Building A, the layout offers dual bathrooms and a 93m² footprint, catering to professional tenants seeking space and convenience in this family-oriented community. With an ASPIRE Score™ of 60/100, investors can leverage the strong 1-year unit growth of 4.8% and a tight 1.8% vacancy rate, translating to reliable rental demand for your $1,065,000 asset.
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Melrose Park Suburb Profile
2114 · Median $750K
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