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CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A506
Level 5
Prime 2 Bed Residences
Terra Residences — Unit A506 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$960,000
3.5% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
89m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$960,000
NSW Stamp Duty
$37,730
Est. Weekly Rent
$650/wk
Gross Yield
3.52%
Year 1 After-Tax Cashflow
$-4,062
Est. Mortgage (80% LVR)
$1084/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 $960,000 and scoring a 61/100 on the ASPIRE Score™, this apartment presents a strategic entry into Melrose Park's resilient unit market where prices have risen 28.5% over five years. The functional 2-bedroom, 2-bathroom layout offers investors a low-maintenance asset catering to the suburb's strong rental demand, evidenced by a tight 1.8% vacancy rate. With an estimated first-year cashflow of -$4,062, this property is positioned for capital growth, leveraging the suburb's 4.8% annual unit growth to build equity while securing steady rental income at $650 per week.
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Melrose Park Suburb Profile
2114 · Median $750K
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