Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A2002
Level 20
Prime 2 Bed Residences
Terra Residences — Unit A2002 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,050,000
3.2% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
87m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,050,000
NSW Stamp Duty
$41,780
Est. Weekly Rent
$650/wk
Gross Yield
3.22%
Year 1 After-Tax Cashflow
$-6,038
Est. Mortgage (80% LVR)
$1186/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 $1,050,000 against a $750,000 suburb median, this high-floor 2 bedroom apartment in Melrose Park offers immediate equity positioning. The north-facing aspect on level 20 provides a premium lifestyle with a 3.22% yield, reflecting strong rental demand in a market with a tight 1.8% vacancy rate. With an ASPIRE Score of 60/100, this investment presents a strategic entry into a high-growth corridor, where the suburb's 28.5% five-year unit growth underscores its long-term potential.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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