Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1801
Level 18
Prime 2 Bed Residences
Terra Residences — Unit A1801 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
56ASPIRE
$1,170,000
2.9% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
111m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,170,000
NSW Stamp Duty
$47,180
Est. Weekly Rent
$650/wk
Gross Yield
2.89%
Year 1 After-Tax Cashflow
$-8,671
Est. Mortgage (80% LVR)
$1322/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 56/100, this prime 2-bedroom apartment in Melrose Park presents a strategic entry into a suburb where unit values have grown 28.5% over five years. Occupying level 18 with a generous 111m² floorplan, it delivers space and elevation for modern living within a family-focused community renowned for its excellent transport links. While the estimated annual cashflow requires planning, the $650/week rental demand in a market with a tight 1.8% vacancy rate provides a foundation of stability for your $1,170,000 investment.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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