Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A703
Level 7
Prime 2 Bed Residences
Terra Residences — Unit A703 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$975,000
3.5% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
91m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$975,000
NSW Stamp Duty
$38,405
Est. Weekly Rent
$650/wk
Gross Yield
3.47%
Year 1 After-Tax Cashflow
$-4,391
Est. Mortgage (80% LVR)
$1101/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
This 2 bedroom apartment in Melrose Park is offered at $975,000, presenting a strategic entry into a market where units have delivered 28.5% growth over five years. The 2 bath, 1 car configuration on level 7 provides a practical and modern living space within a suburb prized for its family appeal and transport connectivity. With an ASPIRE Score™ of 61/100 and a healthy estimated rent of $650 per week, it caters to investors targeting a high-demand, low-vacancy (1.8%) rental market.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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