Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit C709
Level 7
Prime 2 Bed Residences
Mason Residences — Unit C709 | 3B/2B/2C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
55ASPIRE
$1,465,000
2.3% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
2
Car Spaces
128m²
Total Area
Aspect: Building C
Financial Analysis
Purchase Price
$1,465,000
NSW Stamp Duty
$62,985
Est. Weekly Rent
$650/wk
Gross Yield
2.31%
Year 1 After-Tax Cashflow
$-15,146
Est. Mortgage (80% LVR)
$1655/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 3 bedroom apartment investment in Melrose Park presents a significant price premium of over 95% above the suburb's $750,000 unit median, reflecting its larger, family-sized 128m² footprint. While its $650/week estimated rent aligns with the strong local median, the resulting 2.31% yield and an ASPIRE Score of 55/100 indicate a strategy focused on long-term capital appreciation, supported by the suburb's 28.5% five-year unit growth. This positions Unit C709 for investors targeting asset growth over immediate cashflow, with the first-year after-tax position modelled at -$15,146.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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