Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1705
Level 17
Prime 2 Bed Residences
Terra Residences — Unit A1705 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,055,000
3.2% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
96m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,055,000
NSW Stamp Duty
$42,005
Est. Weekly Rent
$650/wk
Gross Yield
3.20%
Year 1 After-Tax Cashflow
$-6,147
Est. Mortgage (80% LVR)
$1192/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 an ASPIRE Score™ of 60/100, this 2 bedroom apartment in Melrose Park offers a strategic entry into a suburb boasting strong 5-year unit growth of 28.5%. This 96m², dual-bathroom configuration on the 17th floor provides a spacious family or investor foothold in a tightly held, family-centric community. The estimated $650/week rental income underpins the investment, positioning you in a market with a low 1.8% vacancy rate and sustained demand.
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Melrose Park Suburb Profile
2114 · Median $750K
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