What is the price of Unit A1802 at Terra Residences, Melrose Park?

Unit A1802 is priced at $1,030,000.

What is the rental yield for this apartment in Melrose Park?

The estimated gross rental yield for Unit A1802 is 3.3%.

How does Melrose Park's unit price growth compare?

Melrose Park units have grown 28.5% over five years and 4.8% in the past year.

What amenities are nearby Terra Residences in Melrose Park?

Residents have access to parks, community clubs, local shopping, and public transport including West Ryde Station.

Is Melrose Park a good suburb for families?

Yes, Melrose Park is known for quality schools, recreational facilities, and a strong sense of community.

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Residence

Unit A1802

Level 18

Prime 2 Bed Residences

Name: Unit A1802 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 1030000 AUD
Availability: InStock

Terra Residences — Unit A1802 | 2B/2B/1C

33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114

60ASPIRE

$1,030,000

3.3% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

87m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$1,030,000

NSW Stamp Duty

$40,880

Est. Weekly Rent

$650/wk

Gross Yield

3.28%

Year 1 After-Tax Cashflow

$-5,599

Est. Mortgage (80% LVR)

$1163/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

At $1,03M, this 2 bedroom apartment Melrose Park investment offers a strategic entry point just above the $750k median, supported by a robust 75/100 ASPIRE Score™ for the suburb. The 18th-floor two-bedroom, two-bathroom configuration delivers low-maintenance living with a sought-after family appeal, capitalising on the area’s 4.5% rental yield and strong demographic demand. With an estimated rent of $650 per week, investors can target the suburb’s tight 1.8% vacancy rate, positioning for long-term capital growth while managing a first-year cashflow position of -$5,599.