Prime 2 Bed Residences

Offering a generous 115m² total floorplan, this prime 3 bed, 2 bath apartment in Melrose Park's sought-after Project presents a sizable opportunity in a suburb where units have delivered 28.5% growth over five years. While its current $650/wk estimated rent yields 2.32%, the substantial $1,460,000 price point is positioned for capital appreciation, supported by the suburb's low 1.8% vacancy rate and strong rental demand. With a Stamp Duty of $62,710 and a first-year after-tax cashflow of -$15,036, this investment requires a long-term strategy focused on Melrose Park's demonstrated growth trajectory.