Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A2006
Level 20
Prime 2 Bed Residences
Terra Residences — Unit A2006 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,080,000
3.1% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
90m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,080,000
NSW Stamp Duty
$43,130
Est. Weekly Rent
$650/wk
Gross Yield
3.13%
Year 1 After-Tax Cashflow
$-6,696
Est. Mortgage (80% LVR)
$1220/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 15% above the suburb's $750,000 median unit price, this 2 bedroom apartment in Melrose Park offers a strategic entry into a high-demand market with 28.5% 5-year growth. The generous 90m² layout on the 20th floor provides a premium lifestyle in a suburb renowned for its family appeal and 65/100 walkability score. With an estimated rent of $650 per week meeting strong local demand and an ASPIRE Score™ of 60/100, investors target solid fundamentals with a manageable first-year cashflow of -$6,696.
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Melrose Park Suburb Profile
2114 · Median $750K
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