Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1808
Level 18
Prime 2 Bed Residences
Terra Residences — Unit A1808 | 3B/2B/2C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
55ASPIRE
$1,610,000
2.1% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
2
Car Spaces
114m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,610,000
NSW Stamp Duty
$70,960
Est. Weekly Rent
$650/wk
Gross Yield
2.10%
Year 1 After-Tax Cashflow
$-18,328
Est. Mortgage (80% LVR)
$1819/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
This $1,610,000 3-bedroom apartment presents a strategic entry into Melrose Park’s tightly held market, positioned against a $750,000 unit median and backed by the suburb's robust 28.5% 5-year growth. Its expansive 114m² triplex layout on the 18th floor offers family-sized space and private city-fringe living moments from Kissing Point Park. Investors should note the calculated trade-off between the current 2.1% yield and long-term capital upside, underscored by its ASPIRE Score™ of 55/100, with an initial $18,328 annual cashflow shortfall manageable for those targeting asset growth over immediate income.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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