Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A2105
Level 21
Prime 2 Bed Residences
Terra Residences — Unit A2105 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,095,000
3.1% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
96m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,095,000
NSW Stamp Duty
$43,805
Est. Weekly Rent
$650/wk
Gross Yield
3.09%
Year 1 After-Tax Cashflow
$-7,025
Est. Mortgage (80% LVR)
$1237/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 $1,095,000, this investment presents a strategic entry into Melrose Park's robust unit market, which has seen a 28.5% growth over five years. This 21st-floor, 96m² two-bedroom, two-bathroom apartment offers a low-maintenance footprint ideal for the suburb's thriving family and professional demographics. With an ASPIRE Score™ of 60/100 and a forecast first-year cashflow of -$7,025, this is a value-play for investors targeting long-term capital growth over immediate yield in this tightly held suburb.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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