With a capital gain of -13.75% for the last 12 months, Rhodes, 2138 has performed for property investments than its average annual 8.46% property growth over the last 5 years.
Rhodes,2138 was ranked 4003 in Australia by increase in median property value over the quarter.
Rhodes, 2138’s gross rental yield is 1.87%
Rhodes, 2138 ranked 321th in NSW when comparing growth in median property values or capital gain over the last 12 months. Rhodes is one of 3162 in our list for NSW
While Rhodes,2138 ranked number 383th in NSW for increase in median house value (annualised) increase, it is ranked 279th over the last 5 years.
Our latest figures would indicate that property sellers in Rhodes are currently offering property investors an average price cut of -3.59% below the asking price at the moment.
Property investors should expect to get $640 weekly from the median priced house in this 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.