Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1903
Level 19
Prime 2 Bed Residences
Terra Residences — Unit A1903 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,095,000
3.1% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
93m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,095,000
NSW Stamp Duty
$43,805
Est. Weekly Rent
$650/wk
Gross Yield
3.09%
Year 1 After-Tax Cashflow
$-7,025
Est. Mortgage (80% LVR)
$1237/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
With an ASPIRE Score™ of 60/100 signalling a solid entry point into Melrose Park's high-growth market (5Y unit growth: 28.5%), this 2 bedroom apartment investment offers strategic positioning. The 19th-floor residence provides a quiet, sunlit retreat with a practical dual-bathroom layout ideal for professional tenants or small families. Priced at $1,095,000, it leverages the suburb's tight 1.8% vacancy rate, translating to reliable rental demand and an estimated $650 per week return.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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