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Residence
Unit A1701
Level 17
Prime 2 Bed Residences
Terra Residences — Unit A1701 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
57ASPIRE
$1,150,000
2.9% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
111m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,150,000
NSW Stamp Duty
$46,280
Est. Weekly Rent
$650/wk
Gross Yield
2.94%
Year 1 After-Tax Cashflow
$-8,232
Est. Mortgage (80% LVR)
$1299/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 $1,150,000, this 2 bedroom apartment in Melrose Park presents a strategic entry into a high-growth suburb where unit values have climbed 28.5% over five years. Occupying a prime level with cross-flow design, the 111m² layout offers family-scaled space in a locale prized for its walkability and proximity to Kissing Point Park. With an ASPIRE Score of 57/100 indicating solid fundamentals, investors benefit from a healthy $650/week rental estimate in a market with a tight 1.8% vacancy rate, underwriting long-term tenant demand.
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Melrose Park Suburb Profile
2114 · Median $750K
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