Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1608
Level 16
Prime 2 Bed Residences
Terra Residences — Unit A1608 | 3B/2B/2C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
55ASPIRE
$1,590,000
2.1% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
2
Car Spaces
114m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,590,000
NSW Stamp Duty
$69,860
Est. Weekly Rent
$650/wk
Gross Yield
2.13%
Year 1 After-Tax Cashflow
$-17,889
Est. Mortgage (80% LVR)
$1796/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
While its 2.13% yield sits below the suburb's 4.5% median, this 3-bedroom apartment on the 16th floor presents a spacious 114m² layout ideal for a family seeking space. The unit's ASPIRE Score of 55/100 reflects a solid long-term play, supported by Melrose Park's strong 28.5% five-year growth. Investors should note the $17,889 first-year cashflow shortfall, positioning this as a strategic capital growth acquisition in a suburb with a tight 1.8% vacancy rate.
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Melrose Park Suburb Profile
2114 · Median $750K
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