Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit C1014
Level 10
Prime 2 Bed Residences
Mason Residences — Unit C1014 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
60ASPIRE
$1,055,000
3.2% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
91m²
Total Area
Aspect: Building C
Financial Analysis
Purchase Price
$1,055,000
NSW Stamp Duty
$42,005
Est. Weekly Rent
$650/wk
Gross Yield
3.20%
Year 1 After-Tax Cashflow
$-6,147
Est. Mortgage (80% LVR)
$1192/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
Presented at $1,055,000, this 2-bedroom apartment offers a strategic entry into Melrose Park’s unit market priced 40% above the $750,000 median, indicating a premium product. The 10th-floor position in Building C provides a sought-after northerly aspect, complementing a spacious 91m² layout ideal for professionals. With an ASPIRE Score of 60/100 and an estimated weekly rent of $650, investors can target the suburb's tight 1.8% vacancy rate, translating to a secure 3.2% yield in a high-demand rental corridor.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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