Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1706
Level 17
Prime 2 Bed Residences
Terra Residences — Unit A1706 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,090,000
3.1% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
90m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,090,000
NSW Stamp Duty
$43,580
Est. Weekly Rent
$650/wk
Gross Yield
3.10%
Year 1 After-Tax Cashflow
$-6,915
Est. Mortgage (80% LVR)
$1231/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 in tightly held Melrose Park, this 2-bedroom, 2-bathroom apartment offers a strategic entry point at $1,090,000, priced for future growth in a suburb where unit values have risen 28.5% over five years. The 17th-floor residence provides elevated district views and a spacious 90m² layout, catering to professionals seeking proximity to parks and strong transport links. With an estimated rent of $650 per week and an ASPIRE Score™ of 60/100, investors can leverage the suburb's low 1.8% vacancy rate for solid rental demand, while the $43,580 stamp duty cost is a calculable investment into this high-growth corridor.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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