Local Knowledge PropertyIntegrated 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.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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