Ding Real EstateIntegrated 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.
Explore Other Residences
Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
Property Insights
Kensington Investment Blueprint: Grow with $1.15M Apartments
Unlock financial growth with the Kensington Investment Blueprint, your guide to maximizing yields and engineering succes
Kensington Property Buying Blueprint for Smart Investors
Unlock the secrets to smarter property investment in Kensington, NSW. Learn how to minimize stamp duty and optimize lend
Luxury Awaits: Kensington NSW 2033 Apartments
Discover why The Kensington, just 6km from Sydney CBD, offers unparalleled luxury and high rental yields, making it a pr