What is the price of Unit C516 at Mason Residences, Melrose Park?

Unit C516 is priced at $990,000.

How many bedrooms and bathrooms does Unit C516 have?

Unit C516 offers 2 bedrooms, 2 bathrooms, and 1 car space.

What is the estimated rental yield for Unit C516?

The estimated gross rental yield is 3.4% based on $650 per week rent.

How does Melrose Park compare for property growth?

Melrose Park has seen 28.5% unit price growth over the past five years.

Is Melrose Park a good suburb for families?

Yes, Melrose Park offers quality schools, parks, and a strong sense of community, making it appealing for families.

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Residence

Unit C516

Level 5

Prime 2 Bed Residences

Name: Unit C516 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 990000 AUD
Availability: InStock

Mason Residences — Unit C516 | 2B/2B/1C

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

61ASPIRE

$990,000

3.4% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

96m²

Total Area

Aspect: Building C

Financial Analysis

Purchase Price

$990,000

NSW Stamp Duty

$39,080

Est. Weekly Rent

$650/wk

Gross Yield

3.41%

Year 1 After-Tax Cashflow

$-4,721

Est. Mortgage (80% LVR)

$1118/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 $990,000, well above the $750,000 suburb median, this apartment presents a premium positioning. The functional two-bedroom, two-bathroom floorplan accommodates family or professional tenants, supported by Melrose Park’s strong 4.5% rental yield and 28.5% five-year growth. An investor-ready ASPIRE Score™ of 61/100 indicates solid fundamentals, with the $650 weekly rent translating to a 3.41% yield in a market with a tight 1.8% vacancy rate.