Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A504
Level 5
Prime 2 Bed Residences
Terra Residences — Unit A504 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$970,000
3.5% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
98m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$970,000
NSW Stamp Duty
$38,180
Est. Weekly Rent
$650/wk
Gross Yield
3.48%
Year 1 After-Tax Cashflow
$-4,282
Est. Mortgage (80% LVR)
$1096/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
Trading at $970,000, this 2 bedroom apartment in Melrose Park presents a strategic entry point $220,000 below the suburb's $750,000 median unit price. This north-facing fifth-floor residence offers 98m² of modern family living, capitalising on the area's 28.5% five-year unit growth. With an estimated weekly rent of $650 and an ASPIRE Score™ of 61/100, this asset is positioned for capital appreciation in a suburb with a tight 1.8% vacancy rate.
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