Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit 1501
Level 15
2-Bedroom with City Views Residences
Harris Tower — Unit 1501 | 1B/1B/1C
34 Hassall St Parramatta NSW 2150 · Parramatta, NSW 2150
66ASPIRE
$796,000
3.7% gross yield
Residence Configuration
1
Bedroom
1
Bathroom
1
Car Space
76m²
Total Area
Aspect: Building L02 - L21
Financial Analysis
Purchase Price
$796,000
NSW Stamp Duty
$30,350
Est. Weekly Rent
$572/wk
Gross Yield
3.74%
Year 1 After-Tax Cashflow
$-2,839
Est. Mortgage (80% LVR)
$899/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 $796,000, this investment presents an opportunity $176K above the suburb’s median unit price, yet its corner light rail placement offers significant lifestyle appeal within Parramatta’s $62K median income demographic. The 15th-floor one-bedroom configuration will attract professionals seeking proximity to major employment hubs, translating to solid rental demand in a market with a tight 2.8% vacancy rate. With an ASPIRE Score of 66/100, this asset is geared for capital growth, offering a calculated entry point into Parramatta's high-growth unit market which has seen 7.8% annual growth.
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Parramatta Suburb Profile
2150 · Median $620K
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Quick Summary
Property Typecommercial
Level15
AspectBuilding L02 - L21
Deposit (20%)$159,200
Loan Amount$636,800
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