Prime 2 Bed Residences

While priced at a premium above the $750,000 median, this 2 bedroom apartment investment in Melrose Park offers a solid 3.05% yield and a strategic entry into a suburb with strong 28.5% five-year unit growth. This north-facing residence on the 19th floor provides a spacious 90m² layout ideal for professionals or small families, positioned within a community prized for its family appeal and parkland proximity. With an ASPIRE Score™ of 60/100 and a tight 1.8% vacancy rate signalling robust rental demand, the estimated $650 per week rent provides a stable foundation, though investors should note the first-year after-tax cashflow position of -$7,354.