Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1805
Level 18
Prime 2 Bed Residences
Terra Residences — Unit A1805 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,065,000
3.2% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
96m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,065,000
NSW Stamp Duty
$42,455
Est. Weekly Rent
$650/wk
Gross Yield
3.17%
Year 1 After-Tax Cashflow
$-6,367
Est. Mortgage (80% LVR)
$1203/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 at $1,065,000, this 2-bedroom apartment in Melrose Park presents a strategic entry point below the suburb's $750,000 unit median, signaling significant equity upside potential. The 18th-floor residence offers a spacious 96m² floorplan ideal for professionals or downsizers, positioned within a family-focused suburb boasting strong 28.5% five-year growth. While the ASPIRE Score™ is 60/100, the projected $-6,367 first-year cashflow is mitigated by robust rental demand evidenced by a tight 1.8% vacancy rate, creating a compelling hold strategy within a high-growth corridor.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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