Ding Real EstateIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit 1907
Level 19
2-Bedroom with City Views Residences
Harris Tower — Unit 1907 | 2B/2B/1C
34 Hassall St Parramatta NSW 2150 · Parramatta, NSW 2150
61ASPIRE
$995,000
3.0% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
106m²
Total Area
Aspect: Building L02 - L21
Financial Analysis
Purchase Price
$995,000
NSW Stamp Duty
$39,305
Est. Weekly Rent
$572/wk
Gross Yield
2.99%
Year 1 After-Tax Cashflow
$-7,207
Est. Mortgage (80% LVR)
$1124/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 2 bedroom apartment Parramatta investment commands a premium at $995,000, but sits well above the $620,000 suburb median, reflecting its high-growth, 19th-floor position near the light rail. The 106m² layout with 2 baths offers rare space and direct city access, aligning with Parramatta's 90/100 growth potential. While the $7,207 first-year cashflow gap requires a strategy, the 84/100 suburb investment score and 2.8% vacancy rate signal robust rental demand for this quality configuration.
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Parramatta Suburb Profile
2150 · Median $620K
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Quick Summary
Property Typecommercial
Level19
AspectBuilding L02 - L21
Deposit (20%)$199,000
Loan Amount$796,000
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