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CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A606
Level 6
Prime 2 Bed Residences
Terra Residences — Unit A606 | 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
89m²
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
Priced at $970,000, this 2-bedroom apartment offers a strategic entry point into Melrose Park's market, positioned for growth with a suburb median unit price of $750,000 and a strong 28.5% five-year growth trajectory. The well-proportioned 89sqm floorplan in Building A delivers a low-maintenance lifestyle in a suburb prized for its family appeal and 65/100 walkability score. With an estimated rent of $650 per week meeting strong local demand and a low 1.8% vacancy rate, this opportunity carries an ASPIRE Score™ of 61/100, indicating a solid foundation for long-term capital growth.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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