Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A2106
Level 21
Prime 2 Bed Residences
Terra Residences — Unit A2106 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,120,000
3.0% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
90m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,120,000
NSW Stamp Duty
$44,930
Est. Weekly Rent
$650/wk
Gross Yield
3.02%
Year 1 After-Tax Cashflow
$-7,574
Est. Mortgage (80% LVR)
$1265/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 $1,120,000, this 2 bedroom apartment offers a strategic entry point into Melrose Park, where unit values have climbed 28.5% over five years. This spacious 90sqm floorplan on the 21st level delivers a premium lifestyle in a suburb renowned for its family appeal and 4.5% rental yield. With a weekly rent estimated at $650, the strong local demand captured in the suburb's 1.8% vacancy rate supports this investment's solid fundamentals, reflected in its ASPIRE Score™ of 60/100.
Explore Other Residences
Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
Property Insights
Kensington 2026 Unit Market: Key Insights & Comparisons
Discover why Kensington's 2026 unit market, boasting a $1.15M median and a robust 4.8% yield, outperforms Sydney average
Invest in Melrose Park: 2-Bed, 2-Bath Opportunities
Discover Melrose Park's prime 2-bed, 2-bath investment opportunity with 155 residences offering a strong 4.5% yield and
Macquarie Park Investment Strategies for 2113 Investors
Unlock investment success in Macquarie Park with expert insights on stamp duty, strategic entity structuring, and lendin