Property value increases in Rhodes have tracked just lower than the NSW average of 7.48% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Rhodes comes in at number 313th in NSW.
Rhodes2138 is located in NSW which offers an average discount of -4.27% to property investors. Rhodes itself is showing figures that indicate -4.49% is the average achievable by property buyers investing in the suburb.
In the last year 273 properties changed hands in Rhodes, which puts it as the 29th most active market in NSW when comparing the number of sales per 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.