Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A501
Level 5
Prime 2 Bed Residences
Terra Residences — Unit A501 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,030,000
3.3% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
111m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,030,000
NSW Stamp Duty
$40,880
Est. Weekly Rent
$650/wk
Gross Yield
3.28%
Year 1 After-Tax Cashflow
$-5,599
Est. Mortgage (80% LVR)
$1163/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 $1,030,000, this 2-bedroom apartment presents a compelling entry point below the $1.15M suburb median for a spacious 111m² floorplan, offering immediate equity positioning. The north-facing aspect in Building A provides a light-filled, practical layout ideal for professionals or small families seeking a foothold in this tightly-held, family-oriented suburb with strong 28.5% five-year growth. With an ASPIRE Score™ of 60/100 and an estimated rent of $650 per week, investors benefit from solid fundamentals in a market with a low 1.8% vacancy rate, ensuring reliable tenant demand for your 2 bedroom apartment Melrose Park investment.
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