Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A203
Level 2
Prime 2 Bed Residences
Terra Residences — Unit A203 | 3B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
55ASPIRE
$1,410,000
2.4% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
1
Car Space
126m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,410,000
NSW Stamp Duty
$59,960
Est. Weekly Rent
$650/wk
Gross Yield
2.40%
Year 1 After-Tax Cashflow
$-13,939
Est. Mortgage (80% LVR)
$1593/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
Offering a substantial 126m² footprint, this $1.41M three-bedroom apartment provides a premium, family-sized layout in a suburb where the median unit price is $750,000. While its 2.4% yield reflects a growth-focused strategy, the asset's first-year after-tax cashflow projection of -$13,939 is a calculated position against Melrose Park's strong 28.5% five-year unit growth and tight 1.8% vacancy rate, earning a 55/100 ASPIRE Score™ for its strategic entry into this tightly held market.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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