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CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit 1507
Level 15
2-Bedroom with City Views Residences
Harris Tower — Unit 1507 | 2B/2B/1C
34 Hassall St Parramatta NSW 2150 · Parramatta, NSW 2150
61ASPIRE
$974,000
3.0% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
99m²
Total Area
Aspect: Building L02 - L21
Financial Analysis
Purchase Price
$974,000
NSW Stamp Duty
$38,360
Est. Weekly Rent
$572/wk
Gross Yield
3.05%
Year 1 After-Tax Cashflow
$-6,746
Est. Mortgage (80% LVR)
$1100/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
Priced at $974,000, this investment presents a strategic entry point into Parramatta's unit market, priced well above the $620,000 median, reflecting its premium 15th-floor position and direct light rail access. This 99m², 2-bedroom, 2-bathroom apartment capitalises on strong city views and a walkability score of 85/100, offering a high-amenity lifestyle for tenants. Despite an estimated first-year cashflow of -$6,746, the suburb's robust 7.8% annual growth and 4.8% rental yield fundamentals underpin its long-term potential, meriting its ASPIRE Score of 61/100 for the discerning investor.
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Parramatta Suburb Profile
2150 · Median $620K
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Quick Summary
Property Typecommercial
Level15
AspectBuilding L02 - L21
Deposit (20%)$194,800
Loan Amount$779,200
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