Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A2001
Level 20
Prime 2 Bed Residences
Terra Residences — Unit A2001 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
56ASPIRE
$1,190,000
2.8% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
105m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,190,000
NSW Stamp Duty
$48,080
Est. Weekly Rent
$650/wk
Gross Yield
2.84%
Year 1 After-Tax Cashflow
$-9,110
Est. Mortgage (80% LVR)
$1344/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 compelling ASPIRE Score™ of 56/100, this $1.19 million, 105sqm 2 bedroom apartment Melrose Park investment occupies the 20th floor, offering expansive living. The configuration presents a modern two-bedroom, two-bathroom layout ideal for professionals or downsizers. Despite a Year 1 after-tax cashflow of -$9,110, the suburb's strong 28.5% five-year unit growth and a tight 1.8% vacancy rate signal solid long-term capital appreciation potential.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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