Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1103
Level 11
Prime 2 Bed Residences
Terra Residences — Unit A1103 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$1,015,000
3.3% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
93m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,015,000
NSW Stamp Duty
$40,205
Est. Weekly Rent
$650/wk
Gross Yield
3.33%
Year 1 After-Tax Cashflow
$-5,269
Est. Mortgage (80% LVR)
$1146/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 $1,015,000, this 2 bedroom apartment investment offers a strategic entry point just above Melrose Park's $750,000 median, with the suburb delivering strong 28.5% growth over five years. This 11th-floor, two-bathroom layout in Building A provides family-scaled space in a locale celebrated for its community atmosphere and excellent transport links. While the $650/week estimated rent yields 3.33%, the suburb's tight 1.8% vacancy rate underscores solid rental demand, contributing to its ASPIRE Score of 61/100 for a balanced, long-term holding.
Explore Other Residences
Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
Property Insights
Kensington Market Forecast 2026: High Returns vs. Sydney
Discover why Kensington's property market is set to outperform Sydney averages by 2026, offering investors a remarkable
Melrose Park 2026 Property Market Analysis: Insights & Trends
Discover how Melrose Park's $750,000 median unit market stacks up against Sydney, offering lucrative investment opportun
Financial Blueprint for Melrose Park Property Investment
Unlock the potential of Melrose Park with our comprehensive financial blueprint for investors, covering essential strate