Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A303
Level 3
Prime 2 Bed Residences
Terra Residences — Unit A303 | 3B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
55ASPIRE
$1,430,000
2.4% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
1
Car Space
126m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,430,000
NSW Stamp Duty
$61,060
Est. Weekly Rent
$650/wk
Gross Yield
2.36%
Year 1 After-Tax Cashflow
$-14,378
Est. Mortgage (80% LVR)
$1615/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
Offering a substantial 126m² floorplan, this 3-bedroom apartment represents a significant 90.7% premium to the suburb's median unit price, targeting a unique family or professional demographic. Configured with two bathrooms and secure parking, it delivers a low-maintenance lifestyle in a community with strong 28.5% five-year growth. The current estimated rent of $650 per week generates a 2.36% yield, presenting a strategic, long-term capital growth play underscored by its ASPIRE Score of 55/100 and the suburb's tight 1.8% vacancy rate.
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Melrose Park Suburb Profile
2114 · Median $750K
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