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CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit C715
Level 7
Prime 2 Bed Residences
Mason Residences — Unit C715 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$995,000
3.4% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
94m²
Total Area
Aspect: Building C
Financial Analysis
Purchase Price
$995,000
NSW Stamp Duty
$39,305
Est. Weekly Rent
$650/wk
Gross Yield
3.40%
Year 1 After-Tax Cashflow
$-4,830
Est. Mortgage (80% LVR)
$1124/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
While priced at $995,000, this 2-bedroom apartment presents an entry point below the suburb's $750,000 median unit price, offering strategic value in a high-demand locale. The spacious 94m² floorplan in Building C provides a functional layout ideal for professionals or small families seeking a foothold in this tightly held suburb. With an ASPIRE Score™ of 61/100 indicating solid fundamentals, its $650 per week estimated rent taps directly into the suburb's critically low 1.8% vacancy rate, ensuring strong tenant demand.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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