Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1301
Level 13
Prime 2 Bed Residences
Terra Residences — Unit A1301 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,110,000
3.0% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
111m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,110,000
NSW Stamp Duty
$44,480
Est. Weekly Rent
$650/wk
Gross Yield
3.05%
Year 1 After-Tax Cashflow
$-7,354
Est. Mortgage (80% LVR)
$1254/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 $1.1M, this 111sqm 2-bedroom apartment offers a significant 48% more space than the suburb's median unit price point, presenting a compelling value-for-size proposition. Unit A1301 on the 13th floor provides a generous dual-bedroom layout designed for professional sharers or small families seeking space in Melrose Park's tightly held market. With an ASPIRE Score™ of 60/100, investors should note the current estimated $7,354 annual cashflow shortfall is balanced by robust 28.5% 5-year unit growth, signalling a strategy focused on long-term capital appreciation over immediate yield.
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Melrose Park Suburb Profile
2114 · Median $750K
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