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Residence
Unit A1003
Level 10
Prime 2 Bed Residences
Terra Residences — Unit A1003 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$1,005,000
3.4% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
93m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,005,000
NSW Stamp Duty
$39,755
Est. Weekly Rent
$650/wk
Gross Yield
3.36%
Year 1 After-Tax Cashflow
$-5,050
Est. Mortgage (80% LVR)
$1135/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
Priced at $1,005,000, this 2 bedroom apartment presents a competitive entry point against Melrose Park's $750,000 median unit price. The 10th-floor residence in Building A offers a spacious 93m² floorplan, delivering a low-maintenance lifestyle in a suburb prized for its 28.5% five-year unit growth and family-centric community. With an estimated weekly rent of $650 meeting strong local demand, its ASPIRE Score™ of 61/100 highlights a strategic entry into a tightly held market where a 1.8% vacancy rate underscores long-term rental security.
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Melrose Park Suburb Profile
2114 · Median $750K
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