Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit 1306
Level 13
2-Bedroom with City Views Residences
Harris Tower — Unit 1306 | 3B/2B/1C
34 Hassall St Parramatta NSW 2150 · Parramatta, NSW 2150
59ASPIRE
$1,387,000
2.1% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
1
Car Space
124m²
Total Area
Aspect: Building L02 - L21
Financial Analysis
Purchase Price
$1,387,000
NSW Stamp Duty
$58,695
Est. Weekly Rent
$572/wk
Gross Yield
2.14%
Year 1 After-Tax Cashflow
$-15,810
Est. Mortgage (80% LVR)
$1567/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 the ASPIRE Score of 59/100 indicates a premium priced investment, the $1,387,000, 124m², three-bedroom residence commands a significant size advantage over typical units, combined with direct light rail access. This Parramatta 3 bedroom apartment investment offers a substantial floorplan in a premier transport node, appealing to upsizing tenants seeking space and connectivity. Investors should note the estimated first-year cashflow of -$15,810 positions this for long-term capital growth, leveraging Parramatta's strong 28.2% five-year unit growth trend.
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Parramatta Suburb Profile
2150 · Median $620K
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Quick Summary
Property Typecommercial
Level13
AspectBuilding L02 - L21
Deposit (20%)$277,400
Loan Amount$1,109,600
Development Features
a collection of parkside residences set above a vibrant village precinct
with uninterrupted city and river views. Surrounded by lush open spaces
family friendly playgrounds and the new Parramatta Light Rail on your doorstep
Cosmopolitan is your ultimate destination to live
work
play and connect.
Features include:
- On the doorstep of Robin Thomas Light Rail
- Walking distance to train station
Parramatta Westfield and an array of surrounding amenities
- Retail spaces on the ground floor providing ultimate convenience
- One
two and three bedroom apartments with views over the CBD