Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A905
Level 9
Prime 2 Bed Residences
Terra Residences — Unit A905 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$975,000
3.5% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
96m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$975,000
NSW Stamp Duty
$38,405
Est. Weekly Rent
$650/wk
Gross Yield
3.47%
Year 1 After-Tax Cashflow
$-4,391
Est. Mortgage (80% LVR)
$1101/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 30% premium to Melrose Park's $750,000 median unit price, this 2 bedroom apartment investment offers a strategic entry into a high-growth suburb boasting 28.5% 5-year unit growth. The 96m² floorplan on Level 9 provides a spacious 2 bed, 2 bath configuration, delivering the low-maintenance lifestyle sought by the area's $85,000 median income professional and family demographic. With an estimated weekly rent of $650 underpinned by a tight 1.8% vacancy rate, this property presents a solid foundation for long-term capital growth, reflected in its balanced ASPIRE Score™ of 61/100.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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