Property investors who have had real estate in Rhodes, 2138 should be relatively unhappy 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 0.40%
The five-year average increase in median property values for Rhodes,2138 has given property investors a potential capital gain of 45.00% across each of those five years.
Our latest figures would indicate that property sellers in Rhodes are currently offering property investors an average price cut of -4.83% below the asking price at the moment.
On average over the past year, suburb has had 20.08 sales per month, which equates to 241 per year.
Situated 10.02km from the CBD, Rhodes is one of Canada Bay localities in the postcode 2138.
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.