Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A601
Level 6
Prime 2 Bed Residences
Terra Residences — Unit A601 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,040,000
3.3% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
111m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,040,000
NSW Stamp Duty
$41,330
Est. Weekly Rent
$650/wk
Gross Yield
3.25%
Year 1 After-Tax Cashflow
$-5,818
Est. Mortgage (80% LVR)
$1175/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 at a sharp $290,000 below the $750,000 suburb median, this 2 bedroom apartment Melrose Park investment offers immediate equity potential and an ASPIRE Score™ of 60. The north-facing, 111sqm floorplan provides generous space for living and rental appeal, minutes from Kissing Point Park. With a weekly rent estimated at $650 and a tight 1.8% vacancy rate, it taps directly into Melrose Park's high-demand rental market.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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