Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A806
Level 8
Prime 2 Bed Residences
Terra Residences — Unit A806 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$990,000
3.4% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
89m²
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 $240,000 below the suburb's $750,000 median for a unit, this 2 bedroom apartment in Melrose Park presents a significant entry-point advantage. This north-facing, 89m² residence on the 8th floor provides a spacious, sun-filled lifestyle amidst the suburb's family-friendly appeal. With an estimated rent of $650 per week in a market boasting a tight 1.8% vacancy rate, this investment is engineered for strong tenant demand, reflected in its ASPIRE Score™ of 61/100.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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