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CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A903
Level 9
Prime 2 Bed Residences
Terra Residences — Unit A903 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$995,000
3.4% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
93m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$995,000
NSW Stamp Duty
$39,305
Est. Weekly Rent
$650/wk
Gross Yield
3.40%
Year 1 After-Tax Cashflow
$-4,830
Est. Mortgage (80% LVR)
$1124/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 $995,000, this 2 bedroom apartment presents a strategic entry into Melrose Park's unit market, positioned $245,000 above the suburb median and reflecting its premium build and scarcity. The north-facing configuration on level 9 offers a spacious 93m² internal layout designed for professional tenants, aligning with the suburb's strong 4.5% rental yield. With an ASPIRE Score™ of 61/100, it delivers a -$4,830 first-year cashflow, a calculated trade for capital growth in a market with a tight 1.8% vacancy rate.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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