Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1102
Level 11
Prime 2 Bed Residences
Terra Residences — Unit A1102 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$965,000
3.5% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
87m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$965,000
NSW Stamp Duty
$37,955
Est. Weekly Rent
$650/wk
Gross Yield
3.50%
Year 1 After-Tax Cashflow
$-4,172
Est. Mortgage (80% LVR)
$1090/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 $965,000, this 2 bedroom apartment investment offers a strategic entry point in Melrose Park, sitting 29% above the suburb's $750,000 unit median, reflecting its premium project positioning. The functional two-bedroom, two-bathroom layout on the 11th floor provides a low-maintenance lifestyle in a suburb renowned for its 4.5% rental yields and strong 28.5% five-year growth. While the ASPIRE Score™ is 61/100, the estimated $650 weekly rent capitalises on a tight 1.8% vacancy rate, promising solid tenant demand for your 2 bedroom apartment Melrose Park investment.
Explore Other Residences
Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
Property Insights
Kensington 2026 Unit Market: Key Insights & Comparisons
Discover why Kensington's 2026 unit market, boasting a $1.15M median and a robust 4.8% yield, outperforms Sydney average
Invest in Melrose Park: 2-Bed, 2-Bath Opportunities
Discover Melrose Park's prime 2-bed, 2-bath investment opportunity with 155 residences offering a strong 4.5% yield and
Macquarie Park Investment Strategies for 2113 Investors
Unlock investment success in Macquarie Park with expert insights on stamp duty, strategic entity structuring, and lendin