Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A406
Level 4
Prime 2 Bed Residences
Terra Residences — Unit A406 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,075,000
3.1% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
186m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,075,000
NSW Stamp Duty
$42,905
Est. Weekly Rent
$650/wk
Gross Yield
3.14%
Year 1 After-Tax Cashflow
$-6,586
Est. Mortgage (80% LVR)
$1214/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 $1,075,000, this 2-bedroom apartment offers a strategic entry point into Melrose Park's high-demand unit market, priced above the $750,000 median yet backed by strong 28.5% five-year growth. The functional two-bedroom, two-bathroom configuration in Building A provides a practical base for investors targeting the suburb's tight 1.8% vacancy rate and established $650 weekly rental demand. With an ASPIRE Score of 60/100, the property delivers a calculated 3.14% yield, presenting a tangible asset for investors prioritising long-term capital growth over immediate cashflow.
Explore Other Residences
Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
Property Insights
Negative Gearing Changes 2027: What Investors Must Know
Navigating the 2027 negative gearing changes? Discover how Crows Nest's grandfathered status impacts investors versus ne
Little Bay's $920K Median: Your Investment Blueprint
Discover how Little Bay's $920K median property price can inform your investment strategies, from optimizing stamp duty
Zetland Apartment Investment Guide: Yield & Growth Insights
Unlock the potential of Zetland apartments with a 5.1% rental yield and a strategic view on growth. Navigate post-2027 t