Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit 2907
Level 29
2-Bedroom with City Views Residences
Harris Tower — Unit 2907 | 2B/2B/1C
34 Hassall St Parramatta NSW 2150 · Parramatta, NSW 2150
61ASPIRE
$990,000
3.0% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
99m²
Total Area
Aspect: Building L22 - L40
Financial Analysis
Purchase Price
$990,000
NSW Stamp Duty
$39,080
Est. Weekly Rent
$572/wk
Gross Yield
3.00%
Year 1 After-Tax Cashflow
$-7,097
Est. Mortgage (80% LVR)
$1118/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
Offering a price point of $990,000, this unit presents a distinct entry into the high-growth Parramatta unit market, where the median sits at $620,000. The 29th-floor, 2-bedroom apartment capitalises on its light rail doorstep access, delivering a premium lifestyle for tenants seeking seamless transport. With an ASPIRE Score™ of 61/100 and first-year cashflow of -$7,097, this is a strategic capital growth play, targeting investors banking on Parramatta's strong 7.8% annual unit growth to offset initial outlays.
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
Level29
AspectBuilding L22 - L40
Deposit (20%)$198,000
Loan Amount$792,000
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