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CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit 2005
Level 20
2-Bedroom with City Views Residences
Harris Tower — Unit 2005 | 2B/2B/1C
34 Hassall St Parramatta NSW 2150 · Parramatta, NSW 2150
59ASPIRE
$1,267,000
2.4% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
101m²
Total Area
Aspect: Building L02 - L21
Financial Analysis
Purchase Price
$1,267,000
NSW Stamp Duty
$52,095
Est. Weekly Rent
$572/wk
Gross Yield
2.35%
Year 1 After-Tax Cashflow
$-13,177
Est. Mortgage (80% LVR)
$1431/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 unit's ASPIRE Score™ of 59/100 signals a critical need for deeper due diligence, as its $1,267,000 price point is positioned significantly above Parramatta's $620,000 median. The 20th-floor, 2-bedroom layout offers a modern lifestyle with direct light rail access, yet its estimated rent of $572 per week generates a 2.35% yield. Investors should note this creates a first-year after-tax cashflow deficit of $13,177, emphasising that future capital growth must outpace the current rental return to achieve long-term performance.
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Parramatta Suburb Profile
2150 · Median $620K
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Quick Summary
Property Typecommercial
Level20
AspectBuilding L02 - L21
Deposit (20%)$253,400
Loan Amount$1,013,600
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