What is the price of Unit A704 at Terra Residences?

Unit A704 at Terra Residences is priced at $990,000.

What is the estimated rental yield for this apartment?

The estimated gross rental yield for Unit A704 is 3.4% based on a $650 per week rent.

How does the apartment's price compare to the Melrose Park median?

At $990,000, this apartment is above the Melrose Park median unit price of $750,000, reflecting its high-floor position and modern features.

Is Melrose Park a good suburb for apartment buyers?

Melrose Park has seen 28.5% unit price growth over five years, low vacancy rates, and strong owner occupancy, making it attractive for buyers.

What amenities and lifestyle features does Melrose Park offer?

Melrose Park offers parks, recreational facilities, quality schools, excellent transport, and a strong sense of community.

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Residence

Unit A704

Level 7

Prime 2 Bed Residences

Name: Unit A704 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 990000 AUD
Availability: InStock

Terra Residences — Unit A704 | 2B/2B/1C

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

61ASPIRE

$990,000

3.4% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

98m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$990,000

NSW Stamp Duty

$39,080

Est. Weekly Rent

$650/wk

Gross Yield

3.41%

Year 1 After-Tax Cashflow

$-4,721

Est. Mortgage (80% LVR)

$1118/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 $990,000, this apartment represents a strategic entry into the tightly held Melrose Park unit market, currently priced above the $750,000 median. This 2 bedroom apartment combines a sought-after dual-bathroom layout with a desirable high-floor position, catering to professionals seeking a low-maintenance lifestyle near Kissing Point Park. With an ASPIRE Score™ of 61 and a weekly rent estimate of $650, this property offers a solid foundation for investors targeting long-term capital growth in a suburb with 28.5% five-year unit growth.