Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit C207
Level 2
Prime 2 Bed Residences
Mason Residences — Unit C207 | 3B/2B/2C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
54ASPIRE
$1,670,000
2.0% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
2
Car Spaces
145m²
Total Area
Aspect: Building C
Financial Analysis
Purchase Price
$1,670,000
NSW Stamp Duty
$74,260
Est. Weekly Rent
$650/wk
Gross Yield
2.02%
Year 1 After-Tax Cashflow
$-19,645
Est. Mortgage (80% LVR)
$1886/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 property presents a significant investment opportunity, priced at $1.67M against a suburb median unit price of $750,000, reflecting its premium 3-bedroom, 2-bathroom family-sized layout of 145m² in the sought-after Prime project. While its current yield of 2.02% indicates a focus on capital growth, the suburb's strong 28.5% five-year unit growth and low 1.8% vacancy rate underpin demand. With a first-year after-tax cashflow of -$19,645, this 3 bedroom apartment Melrose Park investment suits a strategic, long-term portfolio builder, as reflected in its comprehensive ASPIRE Score™ of 54/100.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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