Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit 1607
Level 16
2-Bedroom with City Views Residences
Harris Tower — Unit 1607 | 2B/2B/1C
34 Hassall St Parramatta NSW 2150 · Parramatta, NSW 2150
61ASPIRE
$979,000
3.0% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
99m²
Total Area
Aspect: Building L02 - L21
Financial Analysis
Purchase Price
$979,000
NSW Stamp Duty
$38,585
Est. Weekly Rent
$572/wk
Gross Yield
3.04%
Year 1 After-Tax Cashflow
$-6,856
Est. Mortgage (80% LVR)
$1106/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
Positioned at a significant discount to Parramatta's $620,000 unit median, this $979,000 2 bedroom apartment represents a strategic entry point into a high-growth market. The 16th-floor residence offers a spacious 99m² layout and effortless connection to Sydney's light rail network, catering to modern urban professionals. Despite a forecast negative cashflow, the high 90/100 suburb growth potential and strong 4.8% area rental yield underpin its long-term capital appeal, as reflected in its 61/100 ASPIRE Score™.
Explore Other Residences
Related Insights
Parramatta Suburb Profile
2150 · Median $620K
Property Insights
Macquarie Park vs The Neighbourhood: 2113's Value Insights
Discover the key differences between Macquarie Park and The Neighbourhood in 2113, as we analyze property values, invest
Rhodes Living Profile: Walkability & Community Insights
Discover why Rhodes is a top-rated suburb for walkability and community vibes, blending easy transport access with a vib
Mastering Rhodes Unit Acquisition: A Financial Guide
Unlock the secrets of successful property investment in Sydney with our comprehensive guide on navigating stamp duty, op
Quick Summary
Property Typecommercial
Level16
AspectBuilding L02 - L21
Deposit (20%)$195,800
Loan Amount$783,200
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