Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A402
Level 4
Prime 2 Bed Residences
Terra Residences — Unit A402 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$1,010,000
3.4% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
141m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,010,000
NSW Stamp Duty
$39,980
Est. Weekly Rent
$650/wk
Gross Yield
3.35%
Year 1 After-Tax Cashflow
$-5,160
Est. Mortgage (80% LVR)
$1141/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
Priced at $1,010,000, this 2-bedroom apartment is positioned $260,000 above the suburb's $750,000 median unit price, commanding its premium for an expansive 141m² floorplan, dual bathrooms, and a coveted family-oriented position in Melrose Park's established community. Despite a first-year cashflow projection of -$5,160, its substantial size and entry into a market with a tight 1.8% vacancy rate and strong 28.5% five-year growth history underpin its solid 61/100 ASPIRE Score™ for long-term capital appreciation.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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