Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A202
Level 2
Prime 2 Bed Residences
Terra Residences — Unit A202 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,070,000
3.2% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
109m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,070,000
NSW Stamp Duty
$42,680
Est. Weekly Rent
$650/wk
Gross Yield
3.16%
Year 1 After-Tax Cashflow
$-6,477
Est. Mortgage (80% LVR)
$1209/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 $1,070,000, this 2 bedroom apartment Melrose Park investment is positioned $320,000 above the suburb's median unit price, targeting premium capital growth in a high-demand locale. The spacious 109m² floorplan with two full bathrooms delivers superior family-friendly accommodation, capitalising on the suburb's 78/100 growth potential and strong community appeal. With an ASPIRE Score of 60/100, investors can leverage an estimated first-year cashflow of -$6,477, offset by robust 28.5% five-year unit growth and a tight 1.8% vacancy rate ensuring consistent rental demand.
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