What is the price of Unit A906 at Terra Residences?

Unit A906 is priced at $1,000,000.

What is the estimated rental yield for Unit A906?

The estimated gross rental yield is 3.4%, with an expected rent of $650 per week.

How has Melrose Park's unit market performed in recent years?

Melrose Park units have seen a 28.5% growth over five years and 4.8% over the past year.

What amenities are near Terra Residences in Melrose Park?

Residents enjoy access to parks, community clubs, local shopping, and are close to West Ryde Station.

Is Melrose Park suitable for families and professionals?

Yes, the suburb is known for its quality schools, diverse community, and easy access to employment hubs.

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Residence

Unit A906

Level 9

Prime 2 Bed Residences

Name: Unit A906 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 1000000 AUD
Availability: InStock

Terra Residences — Unit A906 | 2B/2B/1C

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

61ASPIRE

$1,000,000

3.4% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

89m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$1,000,000

NSW Stamp Duty

$39,530

Est. Weekly Rent

$650/wk

Gross Yield

3.38%

Year 1 After-Tax Cashflow

$-4,940

Est. Mortgage (80% LVR)

$1130/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 $1,000,000, this 2-bedroom, 2-bathroom apartment presents a strategic entry into Melrose Park's unit market, which boasts a strong 28.5% five-year growth trajectory. Occupying the 9th floor with a northerly aspect, it offers a spacious 89m² layout ideal for professionals or downsizers. While the ASPIRE Score is 61/100, its projected $-4,940 first-year cashflow is offset by the suburb's tight 1.8% vacancy rate, ensuring robust tenant demand for well-configured apartments like this.