Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A503
Level 5
Prime 2 Bed Residences
Terra Residences — Unit A503 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$955,000
3.5% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
91m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$955,000
NSW Stamp Duty
$37,505
Est. Weekly Rent
$650/wk
Gross Yield
3.54%
Year 1 After-Tax Cashflow
$-3,953
Est. Mortgage (80% LVR)
$1079/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 $955,000 for a private 2 bedroom apartment Melrose Park investment, this unit sits above the suburb's $750,000 median, reflecting its premium configuration and potential. The fifth-floor aspect delivers a quiet retreat in a suburb celebrated for its strong 4.8% annual growth and family-friendly lifestyle. With an estimated rent of $650 per week aligning with median demand, this offering presents a tangible entry into a high-growth market, underscored by its 61/100 ASPIRE Score™ for strategic assessment.
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Melrose Park Suburb Profile
2114 · Median $750K
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