At number 3691th in the list of Australian suburbs ordered by increase in median house value over the last year, Rhodes, 2138 is in the BOTTOM 20% with a property value increase of -7.61% recorded in median house prices.
Comparing Rhodes,2138 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
With the median price for a house in Rhodes being $1760000 and the advertised rent reaching $620 the gross rental yield for property investors calculates out to be 1.83%
Giving property investors a a stable capital gain of 8.56% for the last year, Rhodes, 2138 is the 517th highest performer in Australia in this respect.
While Rhodes,2138 ranked number 280th in NSW for increase in median house value (annualised) increase, it is ranked 304th over the last 5 years.
Vendor discounting in Rhodes is giving property investors an average Vendor Discount of around -3.40%. This puts suburb at number 350th in NSW when ranking the most discounted suburbs.
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.