Rhodes, 2138 ranked 461th 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
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Rhodes has increased when compared to the 5 year average annual rate.
In the last year 13 properties changed hands in Rhodes, which puts it as the 1328th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $600 mark per week – giving a return of 1.39% based on the median price in Suburb
Property investors who have had real estate in Rhodes, 2138 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.80%
If we look at median property appreciation over just the last three months, Rhodes has given property investors a paper return of 0.00%. This puts Suburb as 364 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Rhodes should be aiming for at least -3.90% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Rhodes have been waiting around 65.76 days to sell a property.
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.