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CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1702
Level 17
Prime 2 Bed Residences
Terra Residences — Unit A1702 | 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
87m²
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 in high-demand Melrose Park, where unit prices have risen 28.5% over five years, this $1.02 million 2-bedroom apartment presents a strategic entry into a growth-focused market. The 17th-floor residence offers a functional 87 sqm layout with two bathrooms, aligning with the suburb's strong appeal to families and professionals. With a forecasted first-year cashflow of -$5,379 and an ASPIRE Score™ of 61/100, this investment targets capital growth, leveraging the suburb's tight 1.8% vacancy rate and proven rental demand of $650 per week.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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