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CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1103
Level 11
Prime 2 Bed Residences
Terra Residences — Unit A1103 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$1,015,000
3.3% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
93m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,015,000
NSW Stamp Duty
$40,205
Est. Weekly Rent
$650/wk
Gross Yield
3.33%
Year 1 After-Tax Cashflow
$-5,269
Est. Mortgage (80% LVR)
$1146/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 $1,015,000, this 2 bedroom apartment investment offers a strategic entry point just above Melrose Park's $750,000 median, with the suburb delivering strong 28.5% growth over five years. This 11th-floor, two-bathroom layout in Building A provides family-scaled space in a locale celebrated for its community atmosphere and excellent transport links. While the $650/week estimated rent yields 3.33%, the suburb's tight 1.8% vacancy rate underscores solid rental demand, contributing to its ASPIRE Score of 61/100 for a balanced, long-term holding.
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Melrose Park Suburb Profile
2114 · Median $750K
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