Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1707
Level 17
Prime 2 Bed Residences
Terra Residences — Unit A1707 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
57ASPIRE
$1,130,000
3.0% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
94m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,130,000
NSW Stamp Duty
$45,380
Est. Weekly Rent
$650/wk
Gross Yield
2.99%
Year 1 After-Tax Cashflow
$-7,793
Est. Mortgage (80% LVR)
$1276/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 57/100, this investment presents a strategic entry into Melrose Park's unit market, priced at $1,130,000 against a $750,000 suburb median, indicating a premium, high-specification asset. The 17th-floor, 94sqm two-bedroom, two-bathroom layout offers a spacious, low-maintenance foothold in this family-friendly suburb renowned for its 4.5% rental yields and 28.5% five-year growth. While the annual cashflow is estimated at -$7,793, the investment is underscored by strong rental demand evidenced by a tight 1.8% vacancy rate, positioning it for robust long-term capital appreciation in a supply-constrained locale.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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