Ding Real EstateIntegrated Property Financial Advisory
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.
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