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CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit 2006
Level 20
2-Bedroom with City Views Residences
Harris Tower — Unit 2006 | 3B/2B/2C
34 Hassall St Parramatta NSW 2150 · Parramatta, NSW 2150
58ASPIRE
$1,586,000
1.9% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
2
Car Spaces
124m²
Total Area
Aspect: Building L02 - L21
Financial Analysis
Purchase Price
$1,586,000
NSW Stamp Duty
$69,640
Est. Weekly Rent
$572/wk
Gross Yield
1.88%
Year 1 After-Tax Cashflow
$-20,178
Est. Mortgage (80% LVR)
$1791/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 3 bedroom apartment commands a $1,586,000 price premium, yet its 1.88% yield falls below Parramatta’s median unit yield of 4.8%, contributing to its ASPIRE Score of 58/100. Configured as a 124sqm family haven on level 20 with a two-car space, it offers a lifestyle anchored by direct light rail access. The estimated first-year after-tax cashflow deficit of $20,178 signals a strategy focused on long-term capital growth over immediate rental income, targeting the undersupplied "3 bedroom apartment Parramatta investment" market.
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Parramatta Suburb Profile
2150 · Median $620K
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Quick Summary
Property Typecommercial
Level20
AspectBuilding L02 - L21
Deposit (20%)$317,200
Loan Amount$1,268,800
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