Rhodes, 2138 ranked 203th 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
The five-year average increase in median property values for Rhodes,2138 has given property investors a potential capital gain of 143.83% across each of those five years.
In the last year 11 properties changed hands in Rhodes, which puts it as the 1437th most active market in NSW when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $8340 per annum or $695 every week.
Rhodes is in the bottom 30% in NSW when comparing median price capital growth over the last year. Rhodes gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.56%.
Comparing Rhodes,2138 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Rhodes are currently offering property investors an average price cut of -4.34% below the asking price at the moment.
Residents and property investors in Rhodes have been waiting around 68.53 days to sell a property.
Property investors should expect to get $650 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.