Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A808
Level 8
Prime 2 Bed Residences
Terra Residences — Unit A808 | 3B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
55ASPIRE
$1,450,000
2.3% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
1
Car Space
118m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,450,000
NSW Stamp Duty
$62,160
Est. Weekly Rent
$650/wk
Gross Yield
2.33%
Year 1 After-Tax Cashflow
$-14,817
Est. Mortgage (80% LVR)
$1638/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 3 bedroom apartment in Melrose Park presents a strategic entry point priced at $1,450,000, significantly below the suburb's $750,000 median unit price, reflecting its premium configuration and scale. The spacious 118m² floorplan offers genuine family-sized accommodation in a suburb prized for its excellent transport links and strong community atmosphere. With an ASPIRE Score™ of 55/100, investors should note the current estimated weekly rent of $650, translating to a 2.33% yield, and plan for the associated Year 1 cashflow position to target long-term capital growth in this high-demand rental market.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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