Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1901
Level 19
Prime 2 Bed Residences
Terra Residences — Unit A1901 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
56ASPIRE
$1,180,000
2.9% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
105m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,180,000
NSW Stamp Duty
$47,630
Est. Weekly Rent
$650/wk
Gross Yield
2.86%
Year 1 After-Tax Cashflow
$-8,891
Est. Mortgage (80% LVR)
$1333/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
Securing a 2 bedroom apartment Melrose Park investment priced at $1,180,000 presents a compelling entry point, sitting $430,000 above the suburb's median and backed by a solid 5-year growth trend of 28.5%. This Level 19, north-facing apartment in 'Prime' offers a spacious 105sqm floorplan ideal for professionals seeking tranquility and convenience. Despite a first-year cashflow of -$8,891, the property's strong underlying rental demand, evidenced by a tight 1.8% vacancy rate, and its ASPIRE Score™ of 56/100 indicate a strategic position in a tightly held market poised for continued capital appreciation.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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