Rhodes is in the TOP 20% in NSW when comparing median price capital growth over the last year. Rhodes gave property investors a very good capital gain figure when compared to the rest of the state, with 16.55%.
Comparing Rhodes,2138 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Using the current median advertised rental of $635 and the average annual increase in value of a median property of 21.03%, investors should hope to achieve an overall return of 1.32%
Rhodes, 2138 ranked 430th in NSW when comparing growth in median property values or capital gain over the last 12 months. Rhodes is one of 3163 in our list for NSW
A 41.69% growth in median value for property investors in Rhodes,2138 puts this suburb at number 378th in terms of best performing suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Rhodes is offering property investors an average of -4.41. This rate of discount on properties puts Suburb at number 223th in terms of most discounted suburbs in NSW
Advertised rents are around the $645 mark per week – giving a return of 3.95% based on the median price in Suburb
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.