Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A2005
Level 20
Prime 2 Bed Residences
Terra Residences — Unit A2005 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,085,000
3.1% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
96m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,085,000
NSW Stamp Duty
$43,355
Est. Weekly Rent
$650/wk
Gross Yield
3.12%
Year 1 After-Tax Cashflow
$-6,806
Est. Mortgage (80% LVR)
$1226/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 $1,085,000, this 2-bedroom, 2-bathroom apartment presents a value proposition $65,000 below Melrose Park’s current median unit price, offering strategic entry into this high-demand market. Occupying level 20 with a northerly aspect, it delivers a spacious 96m² footprint designed for modern living, supported by a suburb investment score of 75/100. While the initial yield sits at 3.12%, the prospect of strong rental demand in a market with a tight 1.8% vacancy rate underpins its long-term fundamentals for investors.
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Melrose Park Suburb Profile
2114 · Median $750K
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