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Residence
Unit A1202
Level 12
Prime 2 Bed Residences
Terra Residences — Unit A1202 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$975,000
3.5% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
87m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$975,000
NSW Stamp Duty
$38,405
Est. Weekly Rent
$650/wk
Gross Yield
3.47%
Year 1 After-Tax Cashflow
$-4,391
Est. Mortgage (80% LVR)
$1101/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 $975,000, this 2 bedroom apartment represents a strategic entry into Melrose Park's strong growth market, where median unit prices have risen 4.8% in the past year. The north-facing, 12th-floor position in Building A offers a serene, elevated lifestyle close to schools and Kissing Point Park. With an ASPIRE Score™ of 61/100 and a weekly rent estimate of $650, investors are positioned to capitalise on the suburb's tight 1.8% vacancy rate and long-term capital growth of 28.5% over five years.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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