Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit 2704
Level 27
2-Bedroom with City Views Residences
Harris Tower — Unit 2704 | 2B/2B/1C
34 Hassall St Parramatta NSW 2150 · Parramatta, NSW 2150
59ASPIRE
$1,240,000
2.4% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
106m²
Total Area
Aspect: Building L22 - L40
Financial Analysis
Purchase Price
$1,240,000
NSW Stamp Duty
$50,610
Est. Weekly Rent
$572/wk
Gross Yield
2.40%
Year 1 After-Tax Cashflow
$-12,584
Est. Mortgage (80% LVR)
$1401/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
Positioned at $1,240,000, this 2 bedroom apartment Parramatta investment is priced at double the suburb median, demanding scrutiny for its 2.4% yield against the 4.8% market average. The 27th-floor configuration offers two baths and direct light rail access from Hassall St, creating a premium lifestyle proposition for urban professionals. With an ASPIRE Score™ of 59/100, investors should note the first-year after-tax cashflow position of $-12,584, indicating this asset is geared for long-term capital growth over immediate rental income.
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Parramatta Suburb Profile
2150 · Median $620K
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Quick Summary
Property Typecommercial
Level27
AspectBuilding L22 - L40
Deposit (20%)$248,000
Loan Amount$992,000
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