Giving property investors a an unimpressive capital gain of -0.51% for the last year, Rhodes, 2138 is the 2940th highest performer in Australia in this respect.
A 84.14% growth in median value for property investors in Rhodes,2138 puts this suburb at number 255th in terms of best performing suburbs in NSW
Property investors should expect to get $620 weekly from the median priced house in this suburb.
Rhodes has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.00% to date .
If we look at median property appreciation over just the last three months, Rhodes has given property investors a paper return of -1.32%. This puts Suburb as 408 on a list of fastest fasting appreciating suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Rhodes is offering property investors an average of -4.48. This rate of discount on properties puts Suburb at number 346th in terms of most discounted suburbs in NSW
On average over the past year, suburb has had 22.67 sales per month, which equates to 272 per year.
With the median price for a house in Rhodes being $840000 and the advertised rent reaching $640 the gross rental yield for property investors calculates out to be 3.96%
While it’s only 20km from the Sydney CBD, Rhodes doesn’t seem to be attractive to tenants right now.Full summary
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While it’s only 20km from the Sydney CBD, Rhodes doesn’t seem to be attractive to tenants right now.Close
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.