Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A705
Level 7
Prime 2 Bed Residences
Terra Residences — Unit A705 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$955,000
3.5% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
94m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$955,000
NSW Stamp Duty
$37,505
Est. Weekly Rent
$650/wk
Gross Yield
3.54%
Year 1 After-Tax Cashflow
$-3,953
Est. Mortgage (80% LVR)
$1079/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 $955,000, this 2 bedroom apartment Melrose Park investment offers a strategic entry point just above the $750,000 median, targeting the suburb's 4.8% annual growth. The north-facing configuration on level 7 provides a quiet lifestyle in this family-centric suburb, with its 2-bed, 2-bath layout matching strong rental demand at $650/week. With an ASPIRE Score of 61/100, investors benefit from a moderate $37,505 stamp duty outlay and position within a market boasting a tight 1.8% vacancy rate.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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