Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A706
Level 7
Prime 2 Bed Residences
Terra Residences — Unit A706 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$980,000
3.5% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
89m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$980,000
NSW Stamp Duty
$38,630
Est. Weekly Rent
$650/wk
Gross Yield
3.45%
Year 1 After-Tax Cashflow
$-4,501
Est. Mortgage (80% LVR)
$1107/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 $980,000, this 2-bedroom apartment presents a compelling entry point into Melrose Park's robust unit market, currently tracking 4.8% annual growth. The functional 2-bed, 2-bath configuration offers an efficient footprint from a high-level aspect, positioning you for a tenant pool where median rents hold firm at $650 per week. With a calculated first-year cashflow of $-4,501, this opportunity leverages strong rental demand and a suburb investment score of 75/100 for strategic capital appreciation.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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