Local Knowledge PropertyIntegrated Property Financial Advisory
Residence
Unit 1603
Level 16

2-Bedroom with City Views Residences

Harris Tower — Unit 1603 | 3B/2B/1C

34 Hassall St Parramatta NSW 2150 · Parramatta, NSW 2150

59ASPIRE
$1,423,000
2.1% gross yield

Residence Configuration

3
Bedrooms
2
Bathrooms
1
Car Space
122m²
Total Area
Aspect: Building L02 - L21

Financial Analysis

Purchase Price
$1,423,000
NSW Stamp Duty
$60,675
Est. Weekly Rent
$572/wk
Gross Yield
2.09%
Year 1 After-Tax Cashflow
$-16,600
Est. Mortgage (80% LVR)
$1607/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 3 bedroom apartment Parramatta investment presents a secure $1,423,000 entry into a market with demonstrated 7.8% annual unit growth, offering a spacious 122m² floorplan on level 16 with direct light rail access for premium city connectivity. With Parramatta's median unit price at $620,000, this asset targets a different segment, yet the suburb's tight 2.8% vacancy rate underpins its $572/week rental demand. The ASPIRE Score™ of 59/100 indicates this is a strategic, growth-focused purchase, where the first-year outlay is an investment in long-term capital appreciation over immediate cashflow.

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Related Insights

Parramatta Suburb Profile
2150 · Median $620K
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Your Agent

Graham Chee
Ding Real Estate
0283388900 [email protected]

Quick Summary

Property Typecommercial
Level16
AspectBuilding L02 - L21
Deposit (20%)$284,600
Loan Amount$1,138,400

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