Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1104
Level 11
Prime 2 Bed Residences
Terra Residences — Unit A1104 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,030,000
3.3% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
101m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,030,000
NSW Stamp Duty
$40,880
Est. Weekly Rent
$650/wk
Gross Yield
3.28%
Year 1 After-Tax Cashflow
$-5,599
Est. Mortgage (80% LVR)
$1163/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 37% above the median unit price for Melrose Park, this 2 bedroom apartment investment offers premium positioning in a suburb with strong 28.5% 5-year growth. The north-facing level 11 configuration provides a spacious 101m² family-friendly layout close to parks and transport. With a tight 1.8% vacancy rate securing your $650/week estimated rent, the $40,880 stamp duty reflects a substantial but strategic entry for a market scoring 75/100 for investment.
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Melrose Park Suburb Profile
2114 · Median $750K
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