Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit 2504
Level 25
2-Bedroom with City Views Residences
Harris Tower — Unit 2504 | 2B/2B/1C
34 Hassall St Parramatta NSW 2150 · Parramatta, NSW 2150
59ASPIRE
$1,225,000
2.4% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
106m²
Total Area
Aspect: Building L22 - L40
Financial Analysis
Purchase Price
$1,225,000
NSW Stamp Duty
$49,785
Est. Weekly Rent
$572/wk
Gross Yield
2.43%
Year 1 After-Tax Cashflow
$-12,255
Est. Mortgage (80% LVR)
$1384/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
While this apartment's 2.43% yield sits below Parramatta's impressive 4.8% unit average, its premium 25th-floor position and 106m² 2-bed layout deliver a rare city-view lifestyle directly on the light rail. With an ASPIRE Score of 59/100, investors should note the first-year after-tax cashflow of $-12,255; however, strong tenant demand in a market with a tight 2.8% vacancy rate offers long-term security for this $1,225,000 asset.
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Quick Summary
Property Typecommercial
Level25
AspectBuilding L22 - L40
Deposit (20%)$245,000
Loan Amount$980,000
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