What is the true cost of buying an apartment in Melrose Park?

The median apartment in Melrose Park is $750,000. Including stamp duty ($28,280), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $58,004, or $4,834/month.

What does it really cost to buy a house in Melrose Park?

The median house in Melrose Park is $1,450,000. True first-year cost including stamp duty ($62,160), rates, insurance, maintenance, and mortgage repayments is approximately $100,334.

What is the vacancy rate in Melrose Park?

Melrose Park currently has a vacancy rate of 1.8%. Properties average 35 days on market.

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True Cost of Buying in Melrose Park

2114 NSW · 15km to CBD

Stable

Market Intelligence

Melrose Park is a well-established residential suburb in the City of Ryde, located 15km northwest of Sydney CBD. This culturally diverse community offers an attractive mix of housing types, from older brick homes to modern townhouses, appealing particularly to families and professionals. The suburb benefits from excellent connectivity via Victoria Road and proximity to West Ryde train station, providing easy access to major employment hubs including Macquarie Park. With quality schools, parks, and community facilities like the Melrose Park Bowling Club, it maintains a strong family-friendly atmosphere. The area has experienced steady property growth over recent years, supported by limited apartment stock and strong rental demand. Its strategic location offers the perfect balance of suburban tranquility and urban accessibility, making it increasingly popular among buyers seeking value in Sydney's competitive market.

Excellent transport connectivity with bus services and proximity to West Ryde stationStrong family appeal with quality schools and recreational facilitiesCulturally diverse and established community with local amenitiesStrategic location providing access to major employment hubsSteady property value growth with limited apartment oversupply

Market Snapshot

Median House

$1.4M

+5.2% 1yr

Median Apartment

$750K

+4.8% 1yr

Median Townhouse

$1.1M

Vacancy Rate

1.8%

35 avg DOM

Yield (Apartment)

4.5%

Yield (House)

3.2%

Auction Clearance

72%

Population

4,200

True Cost Breakdown

Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier

Apartment

$4,834/mo

Purchase Price

$750,000

Stamp Duty

$28,280

1st Year Total

$58,004

House

$8,361/mo

Purchase Price

$1,450,000

Stamp Duty

$62,160

1st Year Total

$100,334

Townhouse

$6,657/mo

Purchase Price

$1,150,000

Stamp Duty

$46,280

1st Year Total

$79,880

Run Your Own Numbers

These are median figures. Plug in the actual property you're looking at to see your real all-in cost — including first-home concessions, investment deductions, or different deposit amounts.

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