Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit C1109
Level 11
Prime 2 Bed Residences
Mason Residences — Unit C1109 | 3B/2B/2C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
55ASPIRE
$1,505,000
2.3% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
2
Car Spaces
128m²
Total Area
Aspect: Building C
Financial Analysis
Purchase Price
$1,505,000
NSW Stamp Duty
$65,185
Est. Weekly Rent
$650/wk
Gross Yield
2.25%
Year 1 After-Tax Cashflow
$-16,024
Est. Mortgage (80% LVR)
$1700/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
While its current ASPIRE Score™ of 55/100 indicates a project-specific assessment, this spacious 128m² three-bedroom apartment presents a substantial footprint at $1,505,000, a notable premium to the suburb's $750,000 unit median. Positioned on the 11th floor of Building C, this three-bedroom apartment in Melrose Park offers investors a generous family-sized layout in a community prized for its strong 28.5% five-year unit growth. With an estimated rent of $650 per week against a tight 1.8% suburb vacancy, the property highlights the trade-off between high-growth locale and a calculated initial yield of 2.25% for the strategic buyer.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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