Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A202
Level 2
Prime 2 Bed Residences
Terra Residences — Unit A202 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,070,000
3.2% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
109m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,070,000
NSW Stamp Duty
$42,680
Est. Weekly Rent
$650/wk
Gross Yield
3.16%
Year 1 After-Tax Cashflow
$-6,477
Est. Mortgage (80% LVR)
$1209/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
Priced at $1,070,000, this 2 bedroom apartment Melrose Park investment is positioned $320,000 above the suburb's median unit price, targeting premium capital growth in a high-demand locale. The spacious 109m² floorplan with two full bathrooms delivers superior family-friendly accommodation, capitalising on the suburb's 78/100 growth potential and strong community appeal. With an ASPIRE Score of 60/100, investors can leverage an estimated first-year cashflow of -$6,477, offset by robust 28.5% five-year unit growth and a tight 1.8% vacancy rate ensuring consistent rental demand.
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Melrose Park Suburb Profile
2114 · Median $750K
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