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Rhodes

POSTAL CODE: NSW, 2138
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A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 0.32% growth over a ten-year period. It ranks 4519th on our list of suburbs that property investors should look into.

RHODES, 2138 has a capital gain of 0% for the past year, which is lower than average compared to its 37.01% growth within a five-year period.

With the median home price in RHODES sitting at $3,350,000, and the average rent at $880, property owners could potentially earn a 1.37% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in RHODES are low, as opposed to average gains per annum over the past five years.

RHODES, 2138 in NSW belongs to the local government area of Canada Bay.

Surburb overview

Rhodes, located approximately 12 kilometres west of Sydney's central business district, is a suburb within the City of Canada Bay. Positioned on a peninsula between Bray Bay and Homebush Bay, the Parramatta River borders it to the north and is adjacent to Concord West, Liberty Grove, and Wentworth Point. 

The suburb has undergone significant transformation from its industrial roots into a high-density residential and commercial area. Notable developments include the Rhodes Waterside Shopping Centre and Rhodes Central, which feature major retailers such as IKEA, ALDI, Coles, and Woolworths. The area also features commercial offices, including Rhodes Corporate Park, which is home to businesses such as Citibank and Nestlé.

As per the 2021 Census, Rhodes had a population of 11,453 residents. The median age was 32 years, indicating a relatively young demographic. Approximately 23.5% of the population was born in Australia, with significant communities from China (27.7%), South Korea (9.5%), India (6.1%), Hong Kong (3.6%), and the Philippines (2.1%). English was the only language spoken at home by 21.0% of residents, while other languages included Mandarin (30.2%), Korean (10.6%), Cantonese (8.3%), Hindi (3.2%), and Arabic (2.1%). The majority of dwellings (95.1%) were flats or apartments, reflecting the suburb's high-density residential character.

Public transportation in Rhodes is accessible, with the Rhodes railway station serving the T9 Northern Line of the Sydney Trains network. This station provides residents with direct connections to the Sydney CBD and other parts of the city. Additionally, bus routes operate through the suburb, offering further connectivity to surrounding areas. 

Despite the suburb's growth, infrastructure development has lagged, with delays in projects such as a promised ferry wharf, train station upgrades, and a primary school. Residents have expressed concerns over traffic congestion and pedestrian safety, particularly around the train station and shopping centres.

Essential amenities are available within Rhodes. The suburb features a variety of restaurants serving diverse cuisines, as well as retail options and services available in adjacent suburbs. The Rhodes Waterside Shopping Centre and Rhodes Central offer residents convenient shopping and dining options. 

Recreational facilities in Rhodes include McIlwaine Park, King George V Park, Brays Bay Reserve, and Rhodes/Rotary Park. The Kokoda Track Memorial Walkway connects Brays Bay Reserve with Concord Hospital, serving as a memorial to those killed in Papua New Guinea on the Kokoda Track during World War II. The suburb features a foreshore path and cycleway, linking to an extensive network of foreshore parks in Sydney.

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