What is the price of Unit A2102 at Terra Residences?

Unit A2102 is priced at $1,060,000.

What is the rental yield for apartments in Melrose Park?

The median rental yield for units in Melrose Park is 4.5%, while Unit A2102 offers a 3.2% yield.

How close is Terra Residences to public transport?

Terra Residences is near West Ryde Station and has strong bus connectivity via Victoria Road.

What is the median unit price in Melrose Park?

The median unit price in Melrose Park is $750,000.

Is Melrose Park suitable for families and professionals?

Yes, Melrose Park offers quality schools, parks, and easy access to employment hubs, making it ideal for families and professionals.

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Residence

Unit A2102

Level 21

Prime 2 Bed Residences

Name: Unit A2102 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 1060000 AUD
Availability: InStock

Terra Residences — Unit A2102 | 2B/2B/1C

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

60ASPIRE

$1,060,000

3.2% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

87m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$1,060,000

NSW Stamp Duty

$42,230

Est. Weekly Rent

$650/wk

Gross Yield

3.19%

Year 1 After-Tax Cashflow

$-6,257

Est. Mortgage (80% LVR)

$1197/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

While this 2 bedroom apartment in Melrose Park presents a $1,060,000 entry point above the $750,000 median, its achievable $650/week rent taps directly into the suburb's strong 4.5% rental yield profile and 1.8% vacancy rate. The north-facing aspect on the 21st floor of Building A offers a premium lifestyle, appealing to professionals seeking modern convenience near transport and parks. With an ASPIRE Score™ of 60/100, investors should note the estimated first-year cashflow position of -$6,257, positioning this for a strategy prioritising long-term capital growth over immediate income.