Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1802
Level 18
Prime 2 Bed Residences
Terra Residences — Unit A1802 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,030,000
3.3% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
87m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,030,000
NSW Stamp Duty
$40,880
Est. Weekly Rent
$650/wk
Gross Yield
3.28%
Year 1 After-Tax Cashflow
$-5,599
Est. Mortgage (80% LVR)
$1163/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
At $1,03M, this 2 bedroom apartment Melrose Park investment offers a strategic entry point just above the $750k median, supported by a robust 75/100 ASPIRE Score™ for the suburb. The 18th-floor two-bedroom, two-bathroom configuration delivers low-maintenance living with a sought-after family appeal, capitalising on the area’s 4.5% rental yield and strong demographic demand. With an estimated rent of $650 per week, investors can target the suburb’s tight 1.8% vacancy rate, positioning for long-term capital growth while managing a first-year cashflow position of -$5,599.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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