What is the price of Unit A1606 at Terra Residences?

Unit A1606 is priced at $1,070,000.

What is the rental yield for Unit A1606 in Melrose Park?

This unit has an estimated gross rental yield of 3.2%.

What is the median unit price in Melrose Park?

The current median unit price in Melrose Park is $750,000.

How has Melrose Park's property market performed over five years?

Unit values in Melrose Park have risen 28.5% over the past five years.

Is Melrose Park suitable for families and professionals?

Yes, with quality schools, strong transport links, and a community focus, Melrose Park is ideal for families and professionals.

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Residence

Unit A1606

Level 16

Prime 2 Bed Residences

Name: Unit A1606 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 1070000 AUD
Availability: InStock

Terra Residences — Unit A1606 | 2B/2B/1C

33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114

60ASPIRE

$1,070,000

3.2% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

90m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$1,070,000

NSW Stamp Duty

$42,680

Est. Weekly Rent

$650/wk

Gross Yield

3.16%

Year 1 After-Tax Cashflow

$-6,477

Est. Mortgage (80% LVR)

$1209/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

Offering a purchase price of $1,070,000, this 2 bedroom apartment presents a strategic entry into Melrose Park, a suburb where unit values have risen 28.5% over five years. The functional two-bedroom, two-bathroom layout is ideal for professionals or small families seeking a low-maintenance lifestyle in a well-connected, family-oriented community. With an estimated rental return of $650 per week, investors can leverage the suburb's tight 1.8% vacancy rate, while the property's ASPIRE Score of 60/100 provides a data-backed assessment of its potential.