Ding Real EstateIntegrated Property Financial Advisory
Residence
Unit A1708
Level 17

Prime 2 Bed Residences

Terra Residences — Unit A1708 | 3B/2B/2C

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

55ASPIRE
$1,600,000
2.1% gross yield

Residence Configuration

3
Bedrooms
2
Bathrooms
2
Car Spaces
114
Total Area
Aspect: Building A

Financial Analysis

Purchase Price
$1,600,000
NSW Stamp Duty
$70,410
Est. Weekly Rent
$650/wk
Gross Yield
2.11%
Year 1 After-Tax Cashflow
$-18,109
Est. Mortgage (80% LVR)
$1807/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 a median unit price of $750,000, this $1.6 million 3-bedroom apartment in Melrose Park presents a premium entry into a high-growth market where units have delivered 28.5% growth over five years. This expansive 114m² residence on the 17th floor offers a spacious family configuration in a suburb prized for its strong community and transport links, commanding an estimated rent of $650 per week. Prospective investors should note the current 2.11% yield, with an ASPIRE Score™ of 55/100 highlighting a focus on long-term capital growth over immediate cashflow, supported by a tight 1.8% vacancy rate ensuring strong rental demand.

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Your Agent

Graham Chee
Ding Real Estate
0283388900 [email protected]

Quick Summary

Property Typeland
Level17
AspectBuilding A
Deposit (20%)$320,000
Loan Amount$1,280,000

Development Features

Level 12 apartment
2 spacious bedrooms
2 modern bathrooms
secure undercover parking for 1 car
dedicated study nook
89sqm internal living space
14sqm balcony area
south and west facing aspect