Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A2205
Level 22
Prime 2 Bed Residences
Terra Residences — Unit A2205 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,105,000
3.1% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
96m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,105,000
NSW Stamp Duty
$44,255
Est. Weekly Rent
$650/wk
Gross Yield
3.06%
Year 1 After-Tax Cashflow
$-7,245
Est. Mortgage (80% LVR)
$1248/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 compelling price point $355,000 below the suburb's $750,000 unit median, this 2-bedroom, 2-bathroom apartment provides an accessible entry into a high-growth market. Occupying level 22 in Building A, it delivers spacious 96m² living designed for modern owner-occupiers or tenants seeking convenience near parks and transport. With a solid 3.06% yield and an ASPIRE Score™ of 60/100, it presents a strategic purchase with immediate rental demand evidenced by the suburb's tight 1.8% vacancy rate.
Explore Other Residences
Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
Property Insights
Macquarie Park vs The Neighbourhood: 2113's Value Insights
Discover the key differences between Macquarie Park and The Neighbourhood in 2113, as we analyze property values, invest
Rhodes Living Profile: Walkability & Community Insights
Discover why Rhodes is a top-rated suburb for walkability and community vibes, blending easy transport access with a vib
Mastering Rhodes Unit Acquisition: A Financial Guide
Unlock the secrets of successful property investment in Sydney with our comprehensive guide on navigating stamp duty, op