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Residence
Unit A1106
Level 11
Prime 2 Bed Residences
Terra Residences — Unit A1106 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$1,020,000
3.3% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
89m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,020,000
NSW Stamp Duty
$40,430
Est. Weekly Rent
$650/wk
Gross Yield
3.31%
Year 1 After-Tax Cashflow
$-5,379
Est. Mortgage (80% LVR)
$1152/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
Positioned at a sharp $270,000 below the suburb’s $750,000 median unit price, this 2 bedroom apartment in Melrose Park presents a compelling entry point with immediate equity potential. The 11th-floor, two-bathroom layout offers a functional family or investor footprint in a suburb known for its strong 28.5% five-year growth and tight 1.8% vacancy rate. With an ASPIRE Score™ of 61/100 and an estimated weekly rent of $650, this property targets capital growth, offsetting the first-year cashflow position to position you for long-term gains in a high-demand market.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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