Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A2102
Level 21
Prime 2 Bed Residences
Terra Residences — Unit A2102 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,060,000
3.2% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
87m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,060,000
NSW Stamp Duty
$42,230
Est. Weekly Rent
$650/wk
Gross Yield
3.19%
Year 1 After-Tax Cashflow
$-6,257
Est. Mortgage (80% LVR)
$1197/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
While this 2 bedroom apartment in Melrose Park presents a $1,060,000 entry point above the $750,000 median, its achievable $650/week rent taps directly into the suburb's strong 4.5% rental yield profile and 1.8% vacancy rate. The north-facing aspect on the 21st floor of Building A offers a premium lifestyle, appealing to professionals seeking modern convenience near transport and parks. With an ASPIRE Score™ of 60/100, investors should note the estimated first-year cashflow position of -$6,257, positioning this for a strategy prioritising long-term capital growth over immediate income.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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