Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1908
Level 19
Prime 2 Bed Residences
Terra Residences — Unit A1908 | 3B/2B/2C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
54ASPIRE
$1,620,000
2.1% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
2
Car Spaces
115m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,620,000
NSW Stamp Duty
$71,510
Est. Weekly Rent
$650/wk
Gross Yield
2.09%
Year 1 After-Tax Cashflow
$-18,548
Est. Mortgage (80% LVR)
$1830/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 projected first-year cashflow of -$18,548, this 3 bedroom apartment in Melrose Park presents a strategic entry into a high-growth market where unit prices have risen 28.5% over five years. The spacious 115m² floorplan in Building A offers a premium family configuration, capitalising on the suburb's strong community appeal and excellent local schools. Its ASPIRE Score of 54/100 highlights a value-play, where the $1.62 million price point is positioned against a $750,000 suburb median, targeting long-term capital growth in a tightly held location.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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