Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit 205
Level 2
2-Bedroom with City Views Residences
Harris Tower — Unit 205 | 2B/2B/1C
34 Hassall St Parramatta NSW 2150 · Parramatta, NSW 2150
61ASPIRE
$1,020,000
2.9% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
125m²
Total Area
Aspect: Building L02 - L21
Financial Analysis
Purchase Price
$1,020,000
NSW Stamp Duty
$40,430
Est. Weekly Rent
$572/wk
Gross Yield
2.92%
Year 1 After-Tax Cashflow
$-7,756
Est. Mortgage (80% LVR)
$1152/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
With a location that commands a premium, this $1,020,000 apartment offers a 2-bed/2-bath configuration for savvy investors seeking Parramatta's remarkable 28.2% 5-year unit growth. Positioned directly on the light rail doorstep, it provides effortless city connectivity for tenants. The ASPIRE Score of 61/100 reflects a strategic buy for capital appreciation, though investors should note the initial annual cashflow of -$7,756 as part of a long-term growth play.
Explore Other Residences
Related Insights
Parramatta Suburb Profile
2150 · Median $620K
Property Insights
Zetland 123-Residence: A Smart Investment Guide
Explore the investment potential of Zetland's 123-Residence Executive Sanctuary, featuring a 5.1% rental yield in Sydney
Negative Gearing in Zetland: What to Expect Post-2027
Explore the impact of 2027’s negative gearing reforms on Zetland's off-the-plan apartments. Understand grandfathered rig
Explore Parramatta's $620k Light Rail Apartments
Explore Parramatta's thriving real estate scene with our comprehensive guide on the $620,000 two-bedroom apartments offe
Quick Summary
Property Typecommercial
Level2
AspectBuilding L02 - L21
Deposit (20%)$204,000
Loan Amount$816,000
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