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CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit 1706
Level 17
2-Bedroom with City Views Residences
Harris Tower — Unit 1706 | 3B/2B/1C
34 Hassall St Parramatta NSW 2150 · Parramatta, NSW 2150
59ASPIRE
$1,428,000
2.1% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
1
Car Space
124m²
Total Area
Aspect: Building L02 - L21
Financial Analysis
Purchase Price
$1,428,000
NSW Stamp Duty
$60,950
Est. Weekly Rent
$572/wk
Gross Yield
2.08%
Year 1 After-Tax Cashflow
$-16,710
Est. Mortgage (80% LVR)
$1613/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 in Parramatta presents a strategic investment priced at $1,428,000, commanding a significant premium over the $620,000 unit median, reflecting its prime 17th-floor position and generous 124m² layout. While the ASPIRE Score™ is 59, the asset offers substantial space and light rail convenience for professional tenants. Investors should note the calculated first-year after-tax cashflow position of -$16,710, a scenario balanced by the suburb's strong 7.8% annual unit growth for those with a patient capital strategy.
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Parramatta Suburb Profile
2150 · Median $620K
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Quick Summary
Property Typecommercial
Level17
AspectBuilding L02 - L21
Deposit (20%)$285,600
Loan Amount$1,142,400
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