Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1507
Level 15
Prime 2 Bed Residences
Terra Residences — Unit A1507 | 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
94m²
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 $360,000 above the suburb’s $750,000 median, this 15th-floor 2-bedroom apartment commands attention as a larger-format asset in a tightly held market. Its 94m² floorplan offers substantial space for families or professionals, capitalising on Melrose Park’s strong 28.5% five-year unit growth. The $650 weekly rent, aligned with suburb medians, meets robust demand evidenced by a low 1.8% vacancy rate, though investors should note the strategic trade-off for capital growth given its 60/100 ASPIRE Score™ and first-year cashflow position.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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