Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1806
Level 18
Prime 2 Bed Residences
Terra Residences — Unit A1806 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,100,000
3.1% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
90m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,100,000
NSW Stamp Duty
$44,030
Est. Weekly Rent
$650/wk
Gross Yield
3.07%
Year 1 After-Tax Cashflow
$-7,135
Est. Mortgage (80% LVR)
$1242/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 $1,100,000, this 2-bedroom apartment represents a premium entry into Melrose Park's resilient unit market, priced for growth above the $750,000 median. Its high-level position in Building A offers a 90m² family-friendly layout, aligning with the suburb’s strong 78/100 growth potential and high rental demand. While the ASPIRE Score™ of 60/100 indicates a considered opportunity, investors are securing a strategic asset in a locale with a tight 1.8% vacancy rate, where established weekly rents of $650 provide stable foundations.
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Melrose Park Suburb Profile
2114 · Median $750K
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