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.
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.