What is the price of Unit 504 at Harris Tower, Parramatta?

Unit 504 is priced at $720,000.

What is the estimated rental yield for this Parramatta apartment?

The estimated gross rental yield is 4.1% based on $572 per week rent.

How close is this apartment to public transport?

The apartment is at the doorstep of the Parramatta Light Rail, offering exceptional public transport access.

What is the current vacancy rate for Parramatta units?

Parramatta units currently have a low vacancy rate of 2.8%.

Is Parramatta a good area for first home buyers?

With strong growth, great amenities, and high connectivity, Parramatta is well-suited for first home buyers.

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Residence

Unit 504

Level 5

2-Bedroom with City Views Residences

Name: Unit 504 — 2-Bedroom with City Views Residences
Brand: Ding Real Estate
Price: 720000 AUD
Availability: InStock

Harris Tower — Unit 504 | 1B/1B/0C

34 Hassall St Parramatta NSW 2150 · Parramatta, NSW 2150

70ASPIRE

$720,000

4.1% gross yield

Residence Configuration

Bedroom

Bathroom

Car Spaces

74m²

Total Area

Aspect: Building L02 - L21

Financial Analysis

Purchase Price

$720,000

NSW Stamp Duty

$26,930

Est. Weekly Rent

$572/wk

Gross Yield

4.13%

Year 1 After-Tax Cashflow

$-1,171

Est. Mortgage (80% LVR)

$813/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 a 4.13% yield and demonstrably undersupplied rental market (2.8% vacancy), this 1 bedroom apartment Parramatta investment offers a $720,000 entry point positioned for strong capital growth in a suburb with 7.8% annual unit gains. Its location at 34 Hassall St delivers light rail doorstep access and vibrant urban convenience, reflecting the suburb's 85/100 walkability score. The asset's 70/100 ASPIRE Score indicates a well-engineered holding with a first-year cashflow position of -$1,171, optimised for investors targeting Parramatta's $572/week median rent and long-term 28.2% five-year growth trajectory.