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CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A704
Level 7
Prime 2 Bed Residences
Terra Residences — Unit A704 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$990,000
3.4% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
98m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$990,000
NSW Stamp Duty
$39,080
Est. Weekly Rent
$650/wk
Gross Yield
3.41%
Year 1 After-Tax Cashflow
$-4,721
Est. Mortgage (80% LVR)
$1118/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 $990,000, this apartment represents a strategic entry into the tightly held Melrose Park unit market, currently priced above the $750,000 median. This 2 bedroom apartment combines a sought-after dual-bathroom layout with a desirable high-floor position, catering to professionals seeking a low-maintenance lifestyle near Kissing Point Park. With an ASPIRE Score™ of 61 and a weekly rent estimate of $650, this property offers a solid foundation for investors targeting long-term capital growth in a suburb with 28.5% five-year unit growth.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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