Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A904
Level 9
Prime 2 Bed Residences
Terra Residences — Unit A904 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$1,010,000
3.4% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
101m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,010,000
NSW Stamp Duty
$39,980
Est. Weekly Rent
$650/wk
Gross Yield
3.35%
Year 1 After-Tax Cashflow
$-5,160
Est. Mortgage (80% LVR)
$1141/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 $1,010,000, this 2 bedroom apartment Melrose Park investment offers entry below the $750,000 unit median, capitalising on the suburb's strong 28.5% five-year growth trajectory. Unit A904 provides a spacious 101m² two-bedroom, two-bathroom layout positioned on the ninth floor, delivering a premium lifestyle in this family-oriented suburb with a 65/100 walkability score. With a conservative estimated rent of $650 per week and an ASPIRE Score™ of 61/100, it presents a strategic entry point into a high-demand rental market characterised by a tight 1.8% vacancy rate.
Explore Other Residences
Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
Property Insights
Kensington Investment Blueprint: Grow with $1.15M Apartments
Unlock financial growth with the Kensington Investment Blueprint, your guide to maximizing yields and engineering succes
Kensington Property Buying Blueprint for Smart Investors
Unlock the secrets to smarter property investment in Kensington, NSW. Learn how to minimize stamp duty and optimize lend
Luxury Awaits: Kensington NSW 2033 Apartments
Discover why The Kensington, just 6km from Sydney CBD, offers unparalleled luxury and high rental yields, making it a pr