Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1905
Level 19
Prime 2 Bed Residences
Terra Residences — Unit A1905 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,075,000
3.1% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
96m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,075,000
NSW Stamp Duty
$42,905
Est. Weekly Rent
$650/wk
Gross Yield
3.14%
Year 1 After-Tax Cashflow
$-6,586
Est. Mortgage (80% LVR)
$1214/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 $1,075,000, this 2 bedroom apartment in Melrose Park presents a strategic entry point at a significant premium to the $750,000 suburb median, reflecting its prime project positioning and 96m² footprint. The north-facing 19th-floor residence delivers a low-maintenance, elevated lifestyle within a tightly held suburb boasting a minimal 1.8% vacancy rate. With an ASPIRE Score™ of 60/100, investors should note the initial estimated cashflow of -$6,586 pa, positioning this for buyers prioritising capital growth in a market where unit values have risen 28.5% over five years.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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