Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A702
Level 7
Prime 2 Bed Residences
Terra Residences — Unit A702 | 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
86m²
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 in Melrose Park presents a premium entry point $190,000 above the suburb median, targeting capital growth in a market with a strong 28.5% 5-year unit trajectory. The 7th-floor position offers a quiet, north-facing aspect within a family-centric locale steps from parks and schools, aligning with the suburb's key strengths. With a calculated ASPIRE Score™ of 61/100, the estimated $650/wk rent reflects solid demand in a tight 1.8% vacancy market, though investors should model for the initial negative cashflow.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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