Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit 2207
Level 22
2-Bedroom with City Views Residences
Harris Tower — Unit 2207 | 2B/2B/1C
34 Hassall St Parramatta NSW 2150 · Parramatta, NSW 2150
61ASPIRE
$1,010,000
2.9% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
99m²
Total Area
Aspect: Building L22 - L40
Financial Analysis
Purchase Price
$1,010,000
NSW Stamp Duty
$39,980
Est. Weekly Rent
$572/wk
Gross Yield
2.94%
Year 1 After-Tax Cashflow
$-7,536
Est. Mortgage (80% LVR)
$1141/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 61/100, this $1,010,000 Parramatta investment presents a strategic entry into the city's core, priced notably above the $620,000 unit median. Its 22nd-floor vantage point offers commanding city views, while the 2-bedroom, 2-bathroom layout and doorstep light rail access deliver an impressive 90/100 transport rating for tenant appeal. Investors should note the estimated first-year after-tax cashflow of -$7,536, positioning this asset for its strong 7.8% annual growth trajectory rather than immediate yield.
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Related Insights
Parramatta Suburb Profile
2150 · Median $620K
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Quick Summary
Property Typecommercial
Level22
AspectBuilding L22 - L40
Deposit (20%)$202,000
Loan Amount$808,000
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