Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit B512
Level 5
Prime 2 Bed Residences
Cirro Residences — Unit B512 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,125,000
3.0% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
121m²
Total Area
Aspect: Building B
Financial Analysis
Purchase Price
$1,125,000
NSW Stamp Duty
$45,155
Est. Weekly Rent
$650/wk
Gross Yield
3.00%
Year 1 After-Tax Cashflow
$-7,684
Est. Mortgage (80% LVR)
$1271/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 2 bedroom apartment in Melrose Park presents a strategic entry into a high-growth market, priced at $1,125,000 where the suburb's 28.5% 5-year unit growth significantly outpaces its current 3% yield. Unit B512 offers a spacious 121m² floorplan with two bathrooms, positioned for a low-maintenance lifestyle close to schools and Kissing Point Park. With its ASPIRE Score™ of 60/100, the estimated first-year after-tax cashflow of -$7,684 highlights a focused capital growth play, supported by a tight 1.8% suburb vacancy rate ensuring strong tenant demand.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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