Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1708
Level 17
Prime 2 Bed Residences
Terra Residences — Unit A1708 | 3B/2B/2C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
55ASPIRE
$1,600,000
2.1% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
2
Car Spaces
114m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,600,000
NSW Stamp Duty
$70,410
Est. Weekly Rent
$650/wk
Gross Yield
2.11%
Year 1 After-Tax Cashflow
$-18,109
Est. Mortgage (80% LVR)
$1807/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 a median unit price of $750,000, this $1.6 million 3-bedroom apartment in Melrose Park presents a premium entry into a high-growth market where units have delivered 28.5% growth over five years. This expansive 114m² residence on the 17th floor offers a spacious family configuration in a suburb prized for its strong community and transport links, commanding an estimated rent of $650 per week. Prospective investors should note the current 2.11% yield, with an ASPIRE Score™ of 55/100 highlighting a focus on long-term capital growth over immediate cashflow, supported by a tight 1.8% vacancy rate ensuring strong rental demand.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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