Rhodes has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 21.04% to date .
Rhodes,2138 has offered an average of 21.04% return per annum in house price rises to property investors over the last three years.
Situated 11.89km from the CBD, Rhodes is one of Canada Bay localities in the postcode 2138.
Investment property in Rhodes has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.86%
The five-year average increase in median property values for Rhodes,2138 has given property investors a potential capital gain of 41.99% across each of those five years.
At number 221th of NSW’s most discounted properties, Rhodes is in the middle of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 20.50 sales per month, which equates to 246 per year.
Rhodes, 2138’s gross rental yield is 3.93%
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.