Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A501
Level 5
Prime 2 Bed Residences
Terra Residences — Unit A501 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,030,000
3.3% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
111m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,030,000
NSW Stamp Duty
$40,880
Est. Weekly Rent
$650/wk
Gross Yield
3.28%
Year 1 After-Tax Cashflow
$-5,599
Est. Mortgage (80% LVR)
$1163/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 $1,030,000, this 2-bedroom apartment presents a compelling entry point below the $1.15M suburb median for a spacious 111m² floorplan, offering immediate equity positioning. The north-facing aspect in Building A provides a light-filled, practical layout ideal for professionals or small families seeking a foothold in this tightly-held, family-oriented suburb with strong 28.5% five-year growth. With an ASPIRE Score™ of 60/100 and an estimated rent of $650 per week, investors benefit from solid fundamentals in a market with a low 1.8% vacancy rate, ensuring reliable tenant demand for your 2 bedroom apartment Melrose Park investment.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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