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CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A505
Level 5
Prime 2 Bed Residences
Terra Residences — Unit A505 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$940,000
3.6% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
94m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$940,000
NSW Stamp Duty
$36,830
Est. Weekly Rent
$650/wk
Gross Yield
3.60%
Year 1 After-Tax Cashflow
$-3,623
Est. Mortgage (80% LVR)
$1062/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 $940,000, this 2 bedroom apartment offers a strategic entry point at just 25% above Melrose Park's $750,000 unit median, positioning you in a market with a strong 28.5% five-year growth trajectory. The functional 94m² layout provides a low-maintenance base in a suburb celebrated for its family appeal and 65/100 walkability to local parks and amenities. With a tight 1.8% vacancy rate securing consistent $650/week rental demand, this property presents a tangible hold strategy in a supply-constrained market, meriting its 61/100 ASPIRE Score™.
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Melrose Park Suburb Profile
2114 · Median $750K
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