Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1105
Level 11
Prime 2 Bed Residences
Terra Residences — Unit A1105 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$995,000
3.4% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
96m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$995,000
NSW Stamp Duty
$39,305
Est. Weekly Rent
$650/wk
Gross Yield
3.40%
Year 1 After-Tax Cashflow
$-4,830
Est. Mortgage (80% LVR)
$1124/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
This $995,000 2 bedroom apartment Melrose Park investment presents a strategic entry point priced just above the $750,000 suburb median, offering access to the area's strong 28.5% five-year unit growth. The 11th-floor position in Building A provides a light-filled, north-facing aspect and 96m² of space ideal for professionals or small families. With an ASPIRE Score™ of 61/100, the estimated $650/week rent translates to a 3.4% yield, and first-year investors can anticipate an after-tax cashflow position of -$4,830.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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