Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A805
Level 8
Prime 2 Bed Residences
Terra Residences — Unit A805 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$965,000
3.5% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
96m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$965,000
NSW Stamp Duty
$37,955
Est. Weekly Rent
$650/wk
Gross Yield
3.50%
Year 1 After-Tax Cashflow
$-4,172
Est. Mortgage (80% LVR)
$1090/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
Commanding a $965,000 price point that sits $215,000 above the suburb median, this Prime 2-bedroom, 2-bathroom apartment offers a spacious 96m² layout on the 8th floor, catering to professionals seeking low-maintenance living in a family-focused locale. With a solid ASPIRE Score™ of 61/100, this asset is positioned for capital growth, while the current $650/week rental estimate highlights strong tenant demand against a tight 1.8% vacancy rate, providing a foundational 3.5% yield.
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Melrose Park Suburb Profile
2114 · Median $750K
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