Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit C909
Level 9
Prime 2 Bed Residences
Mason Residences — Unit C909 | 3B/2B/2C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
55ASPIRE
$1,485,000
2.3% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
2
Car Spaces
128m²
Total Area
Aspect: Building C
Financial Analysis
Purchase Price
$1,485,000
NSW Stamp Duty
$64,085
Est. Weekly Rent
$650/wk
Gross Yield
2.28%
Year 1 After-Tax Cashflow
$-15,585
Est. Mortgage (80% LVR)
$1677/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
With an ASPIRE Intelligence™ Score of 55/100, this $1,485,000 opportunity requires a strategic, long-term view aligned with Melrose Park's proven 28.5% five-year unit growth. This spacious 128 sqm, three-bedroom residence on level nine offers a substantial family-sized footprint, capitalising on the suburb's high median income of $85,000 and strong community appeal. Investors should note the estimated first-year cashflow of -$15,585, positioning this for capital growth over immediate yield, supported by the suburb's tight 1.8% vacancy rate ensuring strong tenant demand for quality three-bedroom apartments in Melrose Park.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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