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CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit 1602
Level 16
2-Bedroom with City Views Residences
Harris Tower — Unit 1602 | 2B/2B/1C
34 Hassall St Parramatta NSW 2150 · Parramatta, NSW 2150
61ASPIRE
$1,032,000
2.9% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
101m²
Total Area
Aspect: Building L02 - L21
Financial Analysis
Purchase Price
$1,032,000
NSW Stamp Duty
$40,970
Est. Weekly Rent
$572/wk
Gross Yield
2.88%
Year 1 After-Tax Cashflow
$-8,019
Est. Mortgage (80% LVR)
$1166/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 an ASPIRE Score of 61, this investment presents a strategic entry into Parramatta's high-growth unit market, where the median has delivered a robust 28.2% growth over five years. Unit 1602 offers a spacious 101m² layout with two bedrooms and baths, positioned on the 16th floor to capture dynamic city views, directly connecting you to the light rail network for an unparalleled urban lifestyle. While the $572 weekly rent yields 2.88%, the property's position in a suburb with a tight 2.8% vacancy rate signals strong underlying rental demand for your long-term capital growth strategy.
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Parramatta Suburb Profile
2150 · Median $620K
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Quick Summary
Property Typecommercial
Level16
AspectBuilding L02 - L21
Deposit (20%)$206,400
Loan Amount$825,600
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