Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit 3603
Level 36
2-Bedroom with City Views Residences
Harris Tower — Unit 3603 | 2B/2B/1C
34 Hassall St Parramatta NSW 2150 · Parramatta, NSW 2150
59ASPIRE
$1,320,000
2.3% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
106m²
Total Area
Aspect: Building L22 - L40
Financial Analysis
Purchase Price
$1,320,000
NSW Stamp Duty
$55,010
Est. Weekly Rent
$572/wk
Gross Yield
2.25%
Year 1 After-Tax Cashflow
$-14,340
Est. Mortgage (80% LVR)
$1491/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 investment presents a prime opportunity to acquire a high-floor, 106m² two-bedroom apartment with immediate light rail access at a premium to Parramatta's $620,000 unit median, reflecting its superior position. While the initial yield is 2.25%, its $572/week estimated rent taps into a market with a critically low 2.8% vacancy rate. The property's ASPIRE Score™ of 59/100 indicates this is a lifestyle-driven purchase, requiring a strategy to manage the first-year cashflow of -$14,340 for long-term growth exposure.
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Related Insights
Parramatta Suburb Profile
2150 · Median $620K
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Quick Summary
Property Typecommercial
Level36
AspectBuilding L22 - L40
Deposit (20%)$264,000
Loan Amount$1,056,000
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