Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1803
Level 18
Prime 2 Bed Residences
Terra Residences — Unit A1803 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,085,000
3.1% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
93m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,085,000
NSW Stamp Duty
$43,355
Est. Weekly Rent
$650/wk
Gross Yield
3.12%
Year 1 After-Tax Cashflow
$-6,806
Est. Mortgage (80% LVR)
$1226/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
Priced 44.7% above the $750,000 median unit price, this Prime 2-bedroom, 2-bath apartment reflects its premium position on level 18. The north-facing aspect ensures excellent natural light in a sought-after building within Melrose Park's family-centric community. Despite a first-year cashflow of $-6,806, its 3.12% yield and ASPIRE Score™ of 60/100 offer a strategic entry into a market with a tight 1.8% vacancy rate, securing long-term tenant demand for a 2 bedroom apartment Melrose Park investment.
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Melrose Park Suburb Profile
2114 · Median $750K
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