What is the price of Unit A2206 at Terra Residences, Melrose Park?

Unit A2206 is priced at $1,130,000.

What is the estimated rental yield for this apartment?

The estimated gross rental yield is 3.0%, with an expected rent of $650 per week.

How does Melrose Park's unit price growth compare over 5 years?

Melrose Park units have seen a 28.5% price growth over the past five years.

What amenities and lifestyle features does Melrose Park offer?

Melrose Park offers parks, quality schools, shopping, community clubs, and strong transport connectivity.

Is Melrose Park suitable for first home buyers and investors?

With strong price growth, good rental yields, and a balanced community, Melrose Park appeals to both first home buyers and investors.

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Residence

Unit A2206

Level 22

Prime 2 Bed Residences

Name: Unit A2206 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 1130000 AUD
Availability: InStock

Terra Residences — Unit A2206 | 2B/2B/1C

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

57ASPIRE

$1,130,000

3.0% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

90m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$1,130,000

NSW Stamp Duty

$45,380

Est. Weekly Rent

$650/wk

Gross Yield

2.99%

Year 1 After-Tax Cashflow

$-7,793

Est. Mortgage (80% LVR)

$1276/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

Offering a 2.99% yield and priced at $1,130,000, this 2-bedroom apartment presents a tangible entry into Melrose Park’s resilient market, which boasts a 28.5% 5-year unit growth. Positioned on the 22nd floor, the spacious 90m² layout promises a low-maintenance lifestyle in a suburb celebrated for its family appeal and 1.8% vacancy rate. With an ASPIRE Score of 57/100, investors should note the first-year cashflow position of -$7,793, offset by the suburb's strong rental demand and proven capital growth trajectory.