What is the price of Unit A1608 at Terra Residences in Melrose Park?

Unit A1608 is priced at $1,590,000.

How many bedrooms and bathrooms does Unit A1608 offer?

Unit A1608 features 3 bedrooms, 2 bathrooms, and 2 car spaces.

What is the estimated rental yield for this apartment?

The estimated gross rental yield is 2.1%.

Is Melrose Park a good suburb for families?

Yes, Melrose Park offers quality schools, parks, and a strong community, making it ideal for families.

What is the ASPIRE Intelligence Score for this property?

The ASPIRE Intelligence Score for Unit A1608 is 55 out of 100.

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Residence

Unit A1608

Level 16

Prime 2 Bed Residences

Name: Unit A1608 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 1590000 AUD
Availability: InStock

Terra Residences — Unit A1608 | 3B/2B/2C

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

55ASPIRE

$1,590,000

2.1% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Spaces

114m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$1,590,000

NSW Stamp Duty

$69,860

Est. Weekly Rent

$650/wk

Gross Yield

2.13%

Year 1 After-Tax Cashflow

$-17,889

Est. Mortgage (80% LVR)

$1796/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

While its 2.13% yield sits below the suburb's 4.5% median, this 3-bedroom apartment on the 16th floor presents a spacious 114m² layout ideal for a family seeking space. The unit's ASPIRE Score of 55/100 reflects a solid long-term play, supported by Melrose Park's strong 28.5% five-year growth. Investors should note the $17,889 first-year cashflow shortfall, positioning this as a strategic capital growth acquisition in a suburb with a tight 1.8% vacancy rate.