Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit 1506
Level 15
2-Bedroom with City Views Residences
Harris Tower — Unit 1506 | 3B/2B/1C
34 Hassall St Parramatta NSW 2150 · Parramatta, NSW 2150
59ASPIRE
$1,408,000
2.1% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
1
Car Space
124m²
Total Area
Aspect: Building L02 - L21
Financial Analysis
Purchase Price
$1,408,000
NSW Stamp Duty
$59,850
Est. Weekly Rent
$572/wk
Gross Yield
2.11%
Year 1 After-Tax Cashflow
$-16,271
Est. Mortgage (80% LVR)
$1590/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
With an ASPIRE Score of just 59/100, this 3 bedroom apartment Parramatta investment presents a significant opportunity cost versus the suburb's median unit price of $620,000. The expansive 124m² layout offers family-sized living in a premier light rail-connected tower, however its current $1,408,000 price point results in a first-year cashflow deficit of $-16,271, demanding a strategy focused squarely on long-term capital growth over immediate yield.
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2150 · Median $620K
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Quick Summary
Property Typecommercial
Level15
AspectBuilding L02 - L21
Deposit (20%)$281,600
Loan Amount$1,126,400
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