Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A302
Level 3
Prime 2 Bed Residences
Terra Residences — Unit A302 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,075,000
3.1% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
110m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,075,000
NSW Stamp Duty
$42,905
Est. Weekly Rent
$650/wk
Gross Yield
3.14%
Year 1 After-Tax Cashflow
$-6,586
Est. Mortgage (80% LVR)
$1214/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
With a $1,075,000 price point sitting strategically below the suburb median of $750,000, this 110sqm 2 bed, 2 bath apartment offers a generous footprint for capitalising on Melrose Park’s 28.5% five-year unit growth. Positioned on the third floor of Building A, the floorplan is ideal for investors targeting the strong family rental demand evidenced by the suburb's 1.8% vacancy rate. The property’s 60/100 ASPIRE Score reflects a calculated entry into this tightly held market, where an estimated $650 weekly rent aligns with proven tenant appeal.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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