Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A2108
Level 21
Prime 2 Bed Residences
Terra Residences — Unit A2108 | 3B/2B/2C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
54ASPIRE
$1,640,000
2.1% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
2
Car Spaces
114m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,640,000
NSW Stamp Duty
$72,610
Est. Weekly Rent
$650/wk
Gross Yield
2.06%
Year 1 After-Tax Cashflow
$-18,987
Est. Mortgage (80% LVR)
$1852/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 above the suburb’s $750,000 unit median, this 21st-floor 3-bedroom apartment commands a premium for its family-sized 114m² layout, two car spaces, and north-facing aspect overlooking peaceful streets. Despite a current yield of 2.06%, investors are drawn by Melrose Park’s strong 28.5% five-year unit growth, though the ASPIRE Score™ of 54/100 highlights a Year 1 after-tax cashflow challenge of -$18,987 requiring a long-term growth strategy.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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