Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit 1307
Level 13
2-Bedroom with City Views Residences
Harris Tower — Unit 1307 | 2B/2B/1C
34 Hassall St Parramatta NSW 2150 · Parramatta, NSW 2150
61ASPIRE
$964,000
3.1% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
99m²
Total Area
Aspect: Building L02 - L21
Financial Analysis
Purchase Price
$964,000
NSW Stamp Duty
$37,910
Est. Weekly Rent
$572/wk
Gross Yield
3.09%
Year 1 After-Tax Cashflow
$-6,526
Est. Mortgage (80% LVR)
$1089/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
Positioned at a 17% discount to Parramatta's $1.16M median unit price, this high-floor 2 bedroom apartment Parramatta investment offers immediate value. Apartment 1307 delivers a 99sqm layout with city views and direct light rail access, engineered for tenant appeal in a walkable 85/100 suburb. While the first-year cashflow is estimated at -$6,526, the suburb's robust 7.8% annual growth and 2.8% vacancy rate underpin strong capital upside, reflected in its 61/100 ASPIRE Score™.
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Parramatta Suburb Profile
2150 · Median $620K
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Quick Summary
Property Typecommercial
Level13
AspectBuilding L02 - L21
Deposit (20%)$192,800
Loan Amount$771,200
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