Suburb Profile Report for Rhodes NSW (2138)

Rhodes House: Median price $3,000,000, Annual capital growth 21.39%, Number of sales 14, Weekly median advertised rent $673

Rhodes Unit: Median price $868,000, Annual capital growth 5.22%, Number of sales 255, Weekly median advertised rent $650

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

If we look at median property appreciation over just the last three months, Rhodes has given property investors a paper return of 20.00%. This puts Suburb as 27 on a list of fastest fasting appreciating suburbs in NSW

Renters in Suburb are facing rents around $8070 per annum or $672.5 every week.

If you compare the increase in value of investment property in Rhodes, 2138 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 2.12%.

Across a shorter period, Rhodes, 2138 has seen a median price increase of 2.09% over the last quarter.

State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.23% offered to property buyers. Sellers in Rhodes itself are offering an average vendor discount of -4.27% to real estate investors.

The NSW suburb of Rhodes, 2138 is in the Canada Bay local government area.

YIP MAG Information supplied by:

YIP MAG
January 2016

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While it’s only 20km from the Sydney CBD, Rhodes doesn’t seem to be attractive to tenants right now.Full summary
While it’s only 20km from the Sydney CBD, Rhodes doesn’t seem to be attractive to tenants right now.

The vacancy rate of the inner-west suburb is getting dangerously close to double figures, sitting at 8.65%. Rhodes’ high vacancy rate might have something to do with the high proportion of apartments in the area.

According to ABS statistics, there are more than 1,800 apartments in the suburb, which account for over 57% of its housing stock.

While Rhodes is not currently popular with tenants, there are many amenities in the area that could help it attract more tenants in the future.

Rhodes is on the banks of the Parramatta River and serviced by the North Shore train line.

The Concord Hospital is nearby and there is good shopping available at the Rhodes Waterside Shopping Centre.
Close
Metrics i HOUSE UNIT
$3,000,000 $868,000
20.00% 2.09%
N/A 2.12%
21.39% 5.22%
$673 $650
14 255
1.17% 3.89%
N/A 68.72

Source: CoreLogic

DSR Score for property investment : Below average (H), Above average (U)
Find a mortgage broker in Rhodes NSW
Demographics
Total population 5678
Median household income ($/weekly) 1617
Median age of persons 28
Median housing loan repayment ($/monthly) 2600
Average household size 2.3
  • Census Count Percent(%)
    0-4 years 378 6.7
    20-24 years 1055 18.6
    25-34 years 2165 38.1
    35-44 years 726 12.8
    45-54 years 426 7.5
    Others 928 16.3
    Age Group
    Census Count Percent(%)
    Not Married 1954 44.4
    Registered Married 1879 42.7
    Defacto Relationship 571 13.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1348 26.7
    Croatia 1441 28.5
    Indonesia 218 4.3
    Lebanon 648 12.8
    Other 366 7.2
    Others 1036 20.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 465 9.5
    Christianity 2065 42.1
    Hinduism 239 4.9
    Islam 145 3.0
    No Religion 1949 39.7
    Others 46 0.9
    Religious Affiliation
  • Census Count Percent(%)
    Negative/Nil income 212 10.6
    $1,000-$1,249 151 7.6
    $1,500-$1,999 265 13.3
    $2,000-$2,499 155 7.8
    $2,500-$2,999 279 14.0
    Others 931 46.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2104 46.4
    Not in the labour force 1458 32.2
    Employed, worked part-time 601 13.3
    Unemployed, looking for work 239 5.3
    Employed, away from work 131 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 501 17.7
    Professionals 1046 36.9
    Technicians & trades workers 220 7.8
    Clerical & administrative workers 452 15.9
    Sales 232 8.2
    Others 384 13.5
    Occupation
    Census Count Percent(%)
    Infants/Primary 148 9.4
    Secondary 134 8.5
    Technical or Further Educational Institution 165 10.5
    University or other Tertiary Institutions 977 62.1
    Other type of educational institution 97 6.2
    Others 52 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 4150 84.0
    Separate house 538 10.9
    Semi-detached, row or terrace house, townhouse 253 5.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1210 56.7
    Being purchased 627 29.4
    Fully owned 287 13.4
    Other tenure type 11 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals