Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A2206
Level 22
Prime 2 Bed Residences
Terra Residences — Unit A2206 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
57ASPIRE
$1,130,000
3.0% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
90m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,130,000
NSW Stamp Duty
$45,380
Est. Weekly Rent
$650/wk
Gross Yield
2.99%
Year 1 After-Tax Cashflow
$-7,793
Est. Mortgage (80% LVR)
$1276/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 2.99% yield and priced at $1,130,000, this 2-bedroom apartment presents a tangible entry into Melrose Park’s resilient market, which boasts a 28.5% 5-year unit growth. Positioned on the 22nd floor, the spacious 90m² layout promises a low-maintenance lifestyle in a suburb celebrated for its family appeal and 1.8% vacancy rate. With an ASPIRE Score of 57/100, investors should note the first-year cashflow position of -$7,793, offset by the suburb's strong rental demand and proven capital growth trajectory.
Explore Other Residences
Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
Property Insights
Kensington Investment Blueprint: Grow with $1.15M Apartments
Unlock financial growth with the Kensington Investment Blueprint, your guide to maximizing yields and engineering succes
Kensington Property Buying Blueprint for Smart Investors
Unlock the secrets to smarter property investment in Kensington, NSW. Learn how to minimize stamp duty and optimize lend
Luxury Awaits: Kensington NSW 2033 Apartments
Discover why The Kensington, just 6km from Sydney CBD, offers unparalleled luxury and high rental yields, making it a pr