Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit C809
Level 8
Prime 2 Bed Residences
Mason Residences — Unit C809 | 3B/2B/2C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
55ASPIRE
$1,475,000
2.3% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
2
Car Spaces
128m²
Total Area
Aspect: Building C
Financial Analysis
Purchase Price
$1,475,000
NSW Stamp Duty
$63,535
Est. Weekly Rent
$650/wk
Gross Yield
2.29%
Year 1 After-Tax Cashflow
$-15,365
Est. Mortgage (80% LVR)
$1666/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 an ASPIRE Score™ of 55/100, this $1,475,000 3-bedroom apartment presents a strategic entry into Melrose Park's high-demand rental market, where units have delivered 28.5% growth over five years. This spacious 128m² level eight configuration offers practical family living in a suburb renowned for its community atmosphere and access to quality schools. The estimated $650/week rent underscores consistent tenant demand, positioning this asset for investors prioritising long-term capital appreciation over immediate yield.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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