What is the price of Unit A2006 at Terra Residences, Melrose Park?

Unit A2006 is priced at $1,080,000.

What is the rental yield for this apartment?

The estimated gross rental yield is 3.1% with an expected rent of $650 per week.

How does this apartment compare to the Melrose Park median price?

This apartment is priced 15% above the suburb's median unit price of $750,000, reflecting its new-build, high-floor status.

What is the ASPIRE Intelligence Score for this property?

The ASPIRE Intelligence Score is 60 out of 100, indicating balanced investment fundamentals.

What are the lifestyle benefits of living in Melrose Park?

Melrose Park offers excellent transport, schools, parks, and a strong sense of community, ideal for families and professionals.

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Residence

Unit A2006

Level 20

Prime 2 Bed Residences

Name: Unit A2006 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 1080000 AUD
Availability: InStock

Terra Residences — Unit A2006 | 2B/2B/1C

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

60ASPIRE

$1,080,000

3.1% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

90m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$1,080,000

NSW Stamp Duty

$43,130

Est. Weekly Rent

$650/wk

Gross Yield

3.13%

Year 1 After-Tax Cashflow

$-6,696

Est. Mortgage (80% LVR)

$1220/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

Positioned 15% above the suburb's $750,000 median unit price, this 2 bedroom apartment in Melrose Park offers a strategic entry into a high-demand market with 28.5% 5-year growth. The generous 90m² layout on the 20th floor provides a premium lifestyle in a suburb renowned for its family appeal and 65/100 walkability score. With an estimated rent of $650 per week meeting strong local demand and an ASPIRE Score™ of 60/100, investors target solid fundamentals with a manageable first-year cashflow of -$6,696.