Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit 2306
Level 23
2-Bedroom with City Views Residences
Harris Tower — Unit 2306 | 3B/2B/2C
34 Hassall St Parramatta NSW 2150 · Parramatta, NSW 2150
58ASPIRE
$1,617,000
1.8% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
2
Car Spaces
124m²
Total Area
Aspect: Building L22 - L40
Financial Analysis
Purchase Price
$1,617,000
NSW Stamp Duty
$71,345
Est. Weekly Rent
$572/wk
Gross Yield
1.84%
Year 1 After-Tax Cashflow
$-20,858
Est. Mortgage (80% LVR)
$1826/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 above the $620,000 median unit price for Parramatta, this high-spec 3 bedroom apartment commands a premium for its spacious 124m² layout and 23rd-floor aspect near the light rail. Despite the current rental yield of 1.84%, generating an estimated $572 per week, the suburb's strong 7.8% annual unit growth underpins long-term capital potential. The ASPIRE Score™ of 58/100 signals investors to weigh this against a first-year cashflow projection of -$20,858, factoring in strong transport links and rental demand in a vacancy rate of just 2.8%.
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Parramatta Suburb Profile
2150 · Median $620K
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Quick Summary
Property Typecommercial
Level23
AspectBuilding L22 - L40
Deposit (20%)$323,400
Loan Amount$1,293,600
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