Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1008
Level 10
Prime 2 Bed Residences
Terra Residences — Unit A1008 | 3B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
55ASPIRE
$1,470,000
2.3% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
1
Car Space
114m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,470,000
NSW Stamp Duty
$63,260
Est. Weekly Rent
$650/wk
Gross Yield
2.30%
Year 1 After-Tax Cashflow
$-15,256
Est. Mortgage (80% LVR)
$1660/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 unit’s $1.47M price point reflects its generous 114m² 3-bedroom footprint, offering family-sized space in a tightly held suburb with 28.5% 5-year unit growth. This north-facing apartment on the 10th floor provides a quiet, elevated lifestyle minutes from Kissing Point Park and local schools. The estimated $650/week rent highlights strong tenant demand in a market with a 1.8% vacancy rate, though investors should note the initial $-15,256 annual cashflow position.
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Melrose Park Suburb Profile
2114 · Median $750K
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