Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A902
Level 9
Prime 2 Bed Residences
Terra Residences — Unit A902 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$950,000
3.6% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
87m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$950,000
NSW Stamp Duty
$37,280
Est. Weekly Rent
$650/wk
Gross Yield
3.56%
Year 1 After-Tax Cashflow
$-3,843
Est. Mortgage (80% LVR)
$1073/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 $950,000, this investment presents a strategic entry point into Melrose Park's unit market, which has seen a robust 28.5% growth over five years. This high-level 2-bedroom, 2-bathroom apartment offers a modern layout ideal for a professional tenant, aligning with the suburb's median rent of $650 per week. While the ASPIRE Score™ is 61, the strong suburb fundamentals and a tight 1.8% vacancy rate indicate solid rental demand for a well-positioned two-bedder.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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