Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A508
Level 5
Prime 2 Bed Residences
Terra Residences — Unit A508 | 3B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
55ASPIRE
$1,420,000
2.4% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
1
Car Space
119m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,420,000
NSW Stamp Duty
$60,510
Est. Weekly Rent
$650/wk
Gross Yield
2.38%
Year 1 After-Tax Cashflow
$-14,158
Est. Mortgage (80% LVR)
$1604/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
With a $1,420,000 price point commanding a significant premium over the suburb’s $750,000 unit median, this expansive 3-bedroom apartment offers substantial space for family living or a superior tenant appeal. Its $650 weekly estimated rent aligns with strong local demand, evidenced by the tight 1.8% vacancy rate, yet the 2.38% yield results in a projected first-year cashflow of -$14,158, reflecting a classic growth-focused strategy over immediate income, as underscored by its 55/100 ASPIRE Score™ for this 3 bedroom apartment Melrose Park investment.
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Melrose Park Suburb Profile
2114 · Median $750K
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