What is the price of Unit A702 at Terra Residences?

Unit A702 is priced at $940,000.

What is the rental yield for this apartment in Melrose Park?

The estimated gross yield is 3.6% based on an expected rent of $650 per week.

How does the price compare to the Melrose Park median?

This unit is $190,000 above the suburb's median unit price of $750,000.

What makes Melrose Park attractive for buyers?

Melrose Park offers strong price growth, family-friendly amenities, access to schools, and excellent transport connections.

What level is Unit A702 located on?

Unit A702 is positioned on the 7th floor of Building A.

Ding Real EstateIntegrated Property Financial Advisory

CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled

About Contact

Residence

Unit A702

Level 7

Prime 2 Bed Residences

Name: Unit A702 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 940000 AUD
Availability: InStock

Terra Residences — Unit A702 | 2B/2B/1C

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

61ASPIRE

$940,000

3.6% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

86m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$940,000

NSW Stamp Duty

$36,830

Est. Weekly Rent

$650/wk

Gross Yield

3.60%

Year 1 After-Tax Cashflow

$-3,623

Est. Mortgage (80% LVR)

$1062/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 $940,000, this 2-bedroom apartment in Melrose Park presents a premium entry point $190,000 above the suburb median, targeting capital growth in a market with a strong 28.5% 5-year unit trajectory. The 7th-floor position offers a quiet, north-facing aspect within a family-centric locale steps from parks and schools, aligning with the suburb's key strengths. With a calculated ASPIRE Score™ of 61/100, the estimated $650/wk rent reflects solid demand in a tight 1.8% vacancy market, though investors should model for the initial negative cashflow.