Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A405
Level 4
Prime 2 Bed Residences
Terra Residences — Unit A405 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,040,000
3.3% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
143m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,040,000
NSW Stamp Duty
$41,330
Est. Weekly Rent
$650/wk
Gross Yield
3.25%
Year 1 After-Tax Cashflow
$-5,818
Est. Mortgage (80% LVR)
$1175/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 $1,040,000, this 2-bedroom apartment represents a strategic entry into a market where unit values have risen 28.5% over five years, offering a compelling price point relative to the $750,000 suburb median. This north-facing residence on level 4 provides a generous 143m² layout perfect for owner-occupiers or tenants seeking spacious modern living close to parks and local schools. With a solid ASPIRE Score™ of 60/100, investors can leverage the suburb’s low 1.8% vacancy rate and strong rental demand, translating to a calculated weekly rent of $650.
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Melrose Park Suburb Profile
2114 · Median $750K
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