What is the price of Unit A1305 at Terra Residences?

Unit A1305 is priced at $1,015,000.

What is the estimated rental yield for this apartment?

The estimated gross rental yield for Unit A1305 is 3.3% based on an expected rent of $650 per week.

How has the Melrose Park unit market performed in recent years?

Unit prices in Melrose Park have grown by 28.5% over the past five years.

What are the community and lifestyle features of Melrose Park?

Melrose Park offers excellent transport links, quality schools, parks, and a strong sense of community.

How does Unit A1305 compare to the suburb median unit price?

Unit A1305 is priced above the Melrose Park median unit price of $750,000, reflecting its size, level, and modern features.

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Residence

Unit A1305

Level 13

Prime 2 Bed Residences

Name: Unit A1305 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 1015000 AUD
Availability: InStock

Terra Residences — Unit A1305 | 2B/2B/1C

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

61ASPIRE

$1,015,000

3.3% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

96m²

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

With an ASPIRE Score™ of 61/100, this 2 bedroom apartment Melrose Park investment is priced at $1,015,000, offering a strategic entry into a suburb where unit prices have climbed 28.5% over five years. The generous 96 sqm layout with two full bathrooms caters to professional sharers or small families, supported by the suburb’s strong rental demand evidenced by a low 1.8% vacancy rate. While the initial yield is 3.33%, the property’s cashflow position is enhanced by the suburb’s robust median income of $85,000, underpinning tenant stability and long-term rental growth.