Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A2208
Level 22
Prime 2 Bed Residences
Terra Residences — Unit A2208 | 3B/2B/2C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
54ASPIRE
$1,650,000
2.0% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
2
Car Spaces
114m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,650,000
NSW Stamp Duty
$73,160
Est. Weekly Rent
$650/wk
Gross Yield
2.05%
Year 1 After-Tax Cashflow
$-19,206
Est. Mortgage (80% LVR)
$1864/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 the $1.65M price point sits above the $750,000 suburb median, this 3 bedroom apartment in Melrose Park offers a substantial 114m² floorplan on the 22nd floor, catering to families seeking space and elevation. With an ASPIRE Score™ of 54/100 and a first-year after-tax cashflow of -$19,206, this investment demands a long-term strategy focused on capital growth, leveraging the suburb's strong 28.5% five-year unit growth and a tight 1.8% vacancy rate.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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