Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A901
Level 9
Prime 2 Bed Residences
Terra Residences — Unit A901 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,070,000
3.2% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
112m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,070,000
NSW Stamp Duty
$42,680
Est. Weekly Rent
$650/wk
Gross Yield
3.16%
Year 1 After-Tax Cashflow
$-6,477
Est. Mortgage (80% LVR)
$1209/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 $1,070,000, this 2 bedroom apartment in Melrose Park presents a strategic entry point $320,000 below the current suburb median, aligning with a market demonstrating strong 28.5% five-year growth. The ninth-floor configuration of two beds and two baths offers expansive 112sqm living, catering to professionals or small families seeking space and connectivity near Kissing Point Park. With an ASPIRE Score of 60/100 reflecting its solid fundamentals, investors can capitalise on the suburb's tight 1.8% vacancy rate, securing reliable rental demand against the initial $6,477 annual cashflow position.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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