Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit C307
Level 3
Prime 2 Bed Residences
Mason Residences — Unit C307 | 3B/2B/2C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
54ASPIRE
$1,700,000
2.0% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
2
Car Spaces
145m²
Total Area
Aspect: Building C
Financial Analysis
Purchase Price
$1,700,000
NSW Stamp Duty
$75,910
Est. Weekly Rent
$650/wk
Gross Yield
1.99%
Year 1 After-Tax Cashflow
$-20,303
Est. Mortgage (80% LVR)
$1920/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
With a 54/100 ASPIRE Score™, this $1.7M 3 bed, 2 bath apartment is positioned for capital growth in a suburb where units have achieved 28.5% growth over 5 years. Its spacious 145m² layout offers a family-sized footprint in Melrose Park’s tight rental market, where demand is underscored by a 1.8% vacancy rate. While the $650 weekly rent presents a 1.99% yield, the significant $75,910 stamp duty outlay highlights a strategy focused on long-term equity gain over immediate cashflow.
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Melrose Park Suburb Profile
2114 · Median $750K
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