Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1505
Level 15
Prime 2 Bed Residences
Terra Residences — Unit A1505 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,035,000
3.3% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
96m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,035,000
NSW Stamp Duty
$41,105
Est. Weekly Rent
$650/wk
Gross Yield
3.27%
Year 1 After-Tax Cashflow
$-5,708
Est. Mortgage (80% LVR)
$1169/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 $1,035,000, this prime 2-bedroom apartment presents a strategic entry into Melrose Park's tightly held market, sitting above the $750,000 median and supported by a robust 28.5% 5-year unit growth. The 15th-floor position in Building A delivers a sunny aspect and spacious 96m² layout, catering to professionals or small families drawn to the suburb's strong community appeal and 65/100 walkability. With an ASPIRE Score of 60/100, investors can target the suburb's high 78/100 growth potential, leveraging the $650 weekly rent against a low 1.8% vacancy rate for long-term stability.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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