Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A2202
Level 22
Prime 2 Bed Residences
Terra Residences — Unit A2202 | 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
87m²
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
While priced at $1,070,000 above the $750,000 suburb median, this 2-bedroom apartment in Melrose Park presents a strategic entry into a market with a robust 28.5% 5-year growth trajectory and an ASPIRE Score™ of 60/100. Positioned on the 22nd floor with a northern aspect in Building A, it offers a modern, low-maintenance lifestyle close to parks and transport. The estimated $650 weekly rent reflects strong local demand, translating to a 3.16% yield, with investors facing an initial annual cashflow challenge of $-6,477 in a high-growth, low 1.8% vacancy suburb.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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