Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit C1013
Level 10
Prime 2 Bed Residences
Mason Residences — Unit C1013 | 1B/1B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
70ASPIRE
$712,000
4.8% gross yield
Residence Configuration
1
Bedroom
1
Bathroom
1
Car Space
60m²
Total Area
Aspect: Building C
Financial Analysis
Purchase Price
$712,000
NSW Stamp Duty
$26,570
Est. Weekly Rent
$650/wk
Gross Yield
4.75%
Year 1 After-Tax Cashflow
+$1,381
Est. Mortgage (80% LVR)
$804/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 $712,000, this 1 bedroom apartment offers a compelling 4.75% yield, outperforming the suburb's median and presenting an entry point $38,000 below the area's unit median. The tenth-floor position in Building C ensures a light-filled, private retreat in a locale celebrated for its family-friendly atmosphere and 65/100 walkability score. With a strong ASPIRE Score of 70/100 and positive year-one after-tax cashflow of $1,381, it capitalises on Melrose Park's tight 1.8% vacancy rate for a solid, demand-driven 1 bedroom apartment Melrose Park investment.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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