Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit C515
Level 5
Prime 2 Bed Residences
Mason Residences — Unit C515 | 3B/2B/2C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
55ASPIRE
$1,445,000
2.3% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
2
Car Spaces
128m²
Total Area
Aspect: Building C
Financial Analysis
Purchase Price
$1,445,000
NSW Stamp Duty
$61,885
Est. Weekly Rent
$650/wk
Gross Yield
2.34%
Year 1 After-Tax Cashflow
$-14,707
Est. Mortgage (80% LVR)
$1632/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
With a current rental yield of 2.34%, this $1,445,000, 3-bedroom apartment presents a strategic entry into Melrose Park's tightly held unit market, where a 1-year growth of 4.8% underscores its capital appreciation potential. This north-facing, 128m² residence on the fifth floor offers generous family-sized living in a suburb prized for its transport links and strong community appeal. An ASPIRE Score™ of 55/100 indicates a solid foundational investment, with the unit's $650 weekly rent aligning with the suburb median, ensuring reliable tenant demand for this premium 3 bedroom apartment Melrose Park investment.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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