Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A804
Level 8
Prime 2 Bed Residences
Terra Residences — Unit A804 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$1,000,000
3.4% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
102m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,000,000
NSW Stamp Duty
$39,530
Est. Weekly Rent
$650/wk
Gross Yield
3.38%
Year 1 After-Tax Cashflow
$-4,940
Est. Mortgage (80% LVR)
$1130/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
Positioned in a suburb where unit values have climbed 28.5% in five years, this $1,000,000, eighth-floor apartment offers a premium 2 bed, 2 bath sanctuary in tightly held Melrose Park. Boasting a generous 102m² floorplan with north-facing orientation in Building A, it promises a modern lifestyle with strong rental appeal, evidenced by the suburb's low 1.8% vacancy. With an ASPIRE Score of 61 and an estimated first-year cashflow of -$4,940, this is a strategic capital play targeting the sustained $650/week rental demand for quality 2 bedroom apartments in Melrose Park.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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