Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1605
Level 16
Prime 2 Bed Residences
Terra Residences — Unit A1605 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,045,000
3.2% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
96m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,045,000
NSW Stamp Duty
$41,555
Est. Weekly Rent
$650/wk
Gross Yield
3.23%
Year 1 After-Tax Cashflow
$-5,928
Est. Mortgage (80% LVR)
$1180/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
With a $1,045,000 price point sitting 39% above the $750,000 suburb median, this 2 bedroom apartment Melrose Park investment presents a strategic entry into a high-growth precinct. This level 16, dual-bathroom residence capitalises on Melrose Park's 4.5% rental yield and 28.5% five-year growth trajectory. Despite an initial cashflow projection, the suburb's tight 1.8% vacancy rate and solid 75/100 Investment Score underpin robust rental demand for quality configurations like this.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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