Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1902
Level 19
Prime 2 Bed Residences
Terra Residences — Unit A1902 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,040,000
3.3% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
87m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,040,000
NSW Stamp Duty
$41,330
Est. Weekly Rent
$650/wk
Gross Yield
3.25%
Year 1 After-Tax Cashflow
$-5,818
Est. Mortgage (80% LVR)
$1175/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
Positioned in the sought-after Melrose Park, this 2-bedroom, 2-bathroom apartment presents a strategic entry point at $1,040,000, which is notably above the suburb's $750,000 median, reflecting its premium project appeal. This 19th-floor residence in Building A offers a spacious 87m² layout designed for modern living, capitalising on the suburb's strong family orientation and excellent transport connectivity. With an ASPIRE Score™ of 60/100, investors can leverage the suburb's robust 28.5% five-year unit growth, while the estimated $650 weekly rent taps directly into the area's tight 1.8% vacancy rate for reliable demand.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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