What is the price of Unit A1003 at Terra Residences?

Unit A1003 is priced at $1,005,000.

What is the estimated rental yield for this apartment?

The estimated gross rental yield is 3.4% based on an expected rent of $650 per week.

How does Unit A1003 compare to the median unit price in Melrose Park?

This unit is priced above the suburb's $750,000 median, reflecting its larger size, higher floor, and premium features.

What amenities and transport options are nearby?

Melrose Park offers strong transport links via West Ryde Station and Victoria Road, plus parks, shopping, and quality schools.

What is the vacancy rate for apartments in Melrose Park?

The current vacancy rate for units in Melrose Park is 1.8%.

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Residence

Unit A1003

Level 10

Prime 2 Bed Residences

Name: Unit A1003 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 1005000 AUD
Availability: InStock

Terra Residences — Unit A1003 | 2B/2B/1C

33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114

61ASPIRE

$1,005,000

3.4% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

93m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$1,005,000

NSW Stamp Duty

$39,755

Est. Weekly Rent

$650/wk

Gross Yield

3.36%

Year 1 After-Tax Cashflow

$-5,050

Est. Mortgage (80% LVR)

$1135/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 $1,005,000, this 2 bedroom apartment presents a competitive entry point against Melrose Park's $750,000 median unit price. The 10th-floor residence in Building A offers a spacious 93m² floorplan, delivering a low-maintenance lifestyle in a suburb prized for its 28.5% five-year unit growth and family-centric community. With an estimated weekly rent of $650 meeting strong local demand, its ASPIRE Score™ of 61/100 highlights a strategic entry into a tightly held market where a 1.8% vacancy rate underscores long-term rental security.