Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1508
Level 15
Prime 2 Bed Residences
Terra Residences — Unit A1508 | 3B/2B/2C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
55ASPIRE
$1,580,000
2.1% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
2
Car Spaces
115m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,580,000
NSW Stamp Duty
$69,310
Est. Weekly Rent
$650/wk
Gross Yield
2.14%
Year 1 After-Tax Cashflow
$-17,670
Est. Mortgage (80% LVR)
$1785/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
Commanding a $1,580,000 price point, this 3 bedroom apartment in Melrose Park presents a distinct, high-calibre investment proposition with an ASPIRE Score™ of 55/100. The spacious 115m² residence offers a generous 3 bed, 2 bath, 2 car configuration on level 15, catering perfectly to a premium family lifestyle. While the $650/week estimated rent delivers a 2.14% yield, investors should note the Year 1 after-tax cashflow of -$17,670, positioning this for a strategy focused on capital growth in a suburb with 28.5% 5-year unit growth.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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