Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A906
Level 9
Prime 2 Bed Residences
Terra Residences — Unit A906 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$1,000,000
3.4% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
89m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,000,000
NSW Stamp Duty
$39,530
Est. Weekly Rent
$650/wk
Gross Yield
3.38%
Year 1 After-Tax Cashflow
$-4,940
Est. Mortgage (80% LVR)
$1130/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 $1,000,000, this 2-bedroom, 2-bathroom apartment presents a strategic entry into Melrose Park's unit market, which boasts a strong 28.5% five-year growth trajectory. Occupying the 9th floor with a northerly aspect, it offers a spacious 89m² layout ideal for professionals or downsizers. While the ASPIRE Score is 61/100, its projected $-4,940 first-year cashflow is offset by the suburb's tight 1.8% vacancy rate, ensuring robust tenant demand for well-configured apartments like this.
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Melrose Park Suburb Profile
2114 · Median $750K
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