At number 1984th in the list of Australian suburbs ordered by increase in median house value over the last year, Rhodes, 2138 is in the top half with a property value increase of 4.81% recorded in median house prices.
Over the longer term, Rhodes has seen property prices show investors a 84.60% return over the last 3 years. This is worse than over the last 12 months
Rhodes is 1193th on a list of best yielding suburbs for rents in NSW with a 1.47% return
NSW has seen average median house prices change by 5.41% which means that Rhodes, 2138 has done well for property investors by showing a capital gain of 2.04% over the last year
Across a shorter period, Rhodes, 2138 has seen a median price increase of 1.19% over the last quarter.
Property investors looking for a bargain in Rhodes should be aiming for at least -4.04% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $7680 per annum or $640 every week.
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.