Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit 1807
Level 18
2-Bedroom with City Views Residences
Harris Tower — Unit 1807 | 2B/2B/1C
34 Hassall St Parramatta NSW 2150 · Parramatta, NSW 2150
61ASPIRE
$995,000
3.0% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
99m²
Total Area
Aspect: Building L02 - L21
Financial Analysis
Purchase Price
$995,000
NSW Stamp Duty
$39,305
Est. Weekly Rent
$572/wk
Gross Yield
2.99%
Year 1 After-Tax Cashflow
$-7,207
Est. Mortgage (80% LVR)
$1124/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
This 2 bedroom apartment Parramatta investment, priced at $995,000, enters the market with a compelling $572/wk rental yield of 2.99% underpinned by the suburb's strong 7.8% annual unit growth. The 18th-floor position offers a premium lifestyle with city vistas and direct light rail access, enhancing tenant appeal. With a Stamp Duty cost of $39,305 and an ASPIRE Score™ of 61/100, this property represents a strategic entry into one of Sydney's powerhouse markets, ideal for investors targeting long-term capital growth in a high-demand rental precinct.
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Related Insights
Parramatta Suburb Profile
2150 · Median $620K
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Quick Summary
Property Typecommercial
Level18
AspectBuilding L02 - L21
Deposit (20%)$199,000
Loan Amount$796,000
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