Rhodes, NSW
UNDERVALUED12,016 sales · 36 years of data · NSW, Australia
Rhodes, NSW Property Market Overview
Rhodes, NSW, 2138, is a rapidly evolving suburb located in the Inner West of Sydney, offering a blend of residential and commercial spaces. With a history spanning 36 years of recorded sales data, the Rhodes property market has seen a total of 12,016 sales. As of early 2026, the current median property price for all dwellings in Rhodes sits at $1,010,888, with houses commanding a median of $5,060,000 and apartments at $1,000,000.
Rhodes is notable for its high concentration of apartments, reflected in a strata title ownership percentage of 94.1%. The suburb has transformed significantly over the years, transitioning from industrial land to a vibrant waterfront community with modern high-rise apartments, parks, and shopping amenities. Rhodes offers convenient access to the Sydney CBD and surrounding areas.
Property Mix
Data You Can Trust
Every figure backed by NSW government sale records
What Subscribers See
A preview of the full analysis available for Rhodes
Top streets in Rhodes, NSW by median sale price
See which streets command the highest prices and how many sales back each ranking.
| # | Street | Median Price |
|---|---|---|
| 1 | Marquet St | $1,170,000 |
| 2 | Gauthorpe St | $1,015,000 |
| 3 | Sevier Ave | $1,150,000 |
| 4 | Llewellyn St | $4,150,000 |
... and 56 more streets available
Subscribers also see:
- Street price per m² analysis
- Street annual growth rates (CAGR)
- Premium vs discount % comparison
Streets by price per square metre
Compare land and building value across streets — essential for finding underpriced pockets.
| # | Street | Median $/m² |
|---|---|---|
| 1 | Mill Park St | $7,454/m² |
| 2 | Llewellyn St | $9,344/m² |
| 3 | Marquet St | $11,600/m² |
| 4 | Gauthorpe St | $7,939/m² |
... and more $/m² rankings
View full $/m² data →Fastest growing streets by median price
10-year compound annual growth rate (CAGR) by street — see which streets are outperforming the suburb.
| # | Street | 10yr CAGR |
|---|---|---|
| 1 | Walker St | +3.0% |
| 2 | Nina Gray Ave | +5.2% |
| 3 | Timbrol Ave | +1.7% |
| 4 | Gauthorpe St | +3.6% |
... and more street growth rates
See all growth rates →Past growth rates are not indicative of future performance. This data is for informational purposes only.
Building-by-building comparison
| # | Address | Median |
|---|---|---|
| 1 | 44 Shoreline Dr | $917,500 |
| 2 | 35 Marquet St | $1,368,000 |
| 3 | 91 Shoreline Dr | $890,000 |
| 4 | 42 Walker St | $990,000 |
... and 314 more buildings
Compare individual buildings by price per sqm, median unit price, and sales volume. Identify which buildings are gaining or losing value relative to the suburb average.
View full building data →Flipper risk & hold period analysis
Properties resold within 2 years may signal problems — structural issues, noisy locations, or overpayment. See hold period distribution and flagged streets.
See flipper risk data →Settlement times & problem streets
Extended settlement times can indicate building defects, financing difficulties, or legal issues. See which streets have the longest settlement periods.
See settlement data →Density & development tracking
Track which streets are converting from houses to apartments. Understand how density is changing the suburb's character and property values over time.
See density trends →Unlock the full Rhodes analysis
60 streets and 318 buildings to explore
Trusted by 100+ property investors across NSW
Nearby Suburbs to Rhodes
Rhodes at a Glance
Rhodes, NSW
Map data © OpenStreetMap contributors
Local Amenities
Living in Rhodes, NSW
Living in Rhodes offers a convenient and modern lifestyle. The suburb is home to Rhodes Waterside Shopping Centre, providing a wide range of retail, dining, and entertainment options. Rhodes also boasts several parks and green spaces, including McIlwaine Park, offering recreational areas and waterfront views. For families, there are nearby schools such as Concord West Public School and Homebush Boys High School, although there are no schools directly within Rhodes itself.
Rhodes is well-connected by public transport, with Rhodes train station providing easy access to the Sydney CBD and other parts of the city via the T9 Northern Line. The suburb's vibe is modern and cosmopolitan, attracting a diverse community. Rhodes offers a blend of convenience, amenities, and waterfront living, making it an appealing choice for many.
Who Buys in Rhodes?
The buyer profile in Rhodes is diverse, reflecting the suburb's mix of housing options and lifestyle amenities. With a high percentage of strata-titled apartments and a median apartment price of $1,000,000, Rhodes attracts first home buyers and young professionals seeking convenient and affordable living options. The presence of high-end apartments also appeals to downsizers looking for low-maintenance living with access to amenities. The higher median house price of $5,060,000 suggests that families are also present in Rhodes, although apartments are the dominant property type. The historical growth rates in Rhodes also attract investors seeking capital appreciation.
Market Analysis
The Rhodes property market, as of early 2026, is currently positioned below its long-term trend, indicating that it is in undervalued territory according to our analysis. This cycle position reflects a potential divergence between current prices and historical growth patterns. It suggests that property values in Rhodes may be lagging behind their established trajectory.
The cycle position provides a snapshot of the market's relative standing. While the Rhodes market is currently undervalued, it's important to note that market conditions can change rapidly, and various factors influence property values. This cycle position is derived from a comprehensive analysis of historical sales data and price trends within Rhodes.
Is Rhodes a Good Investment?
Analysing Rhodes's property market reveals a history of steady growth, with a full-period CAGR of 5.1% over 36 years. The 10-year CAGR of 1.7% and the 20-year CAGR of 3.3% indicate varying growth rates over different timeframes. These figures represent historical performance and do not predict future outcomes. The high percentage of apartments in Rhodes influences the overall property values and market dynamics.
As of early 2026, the Rhodes property market is positioned below its long-term trend, in undervalued territory. This cycle position suggests a potential opportunity for growth, though future performance is not guaranteed. The ongoing development and amenities in Rhodes continue to shape its property values. The historical growth data and current cycle position provide a snapshot of the Rhodes market, but it's essential to conduct thorough due diligence.
Rhodes Market Outlook
As of early 2026, the Rhodes property market finds itself below its long-term trend, in undervalued territory. This suggests that current property prices may be lower than what historical trends indicate. Recent price trends in Rhodes are being influenced by broader market conditions and local factors. This market position provides a current snapshot, but market dynamics can shift, and future performance is not guaranteed.
Streets & Location in Rhodes, NSW
Rhodes, situated in the 2138 postcode, boasts a mix of residential streets and waterfront locations. Among the top streets in Rhodes by median price are JEAN WAILES AVE, NINA GRAY AVE, and LLEWELLYN ST. These streets often feature modern apartments with water views. Rhodes's location offers convenient access to the Parramatta River and surrounding suburbs, making it an attractive option for those seeking a lifestyle close to the water.
Market Dynamics
The Rhodes property market demonstrates typical transaction patterns for a Sydney suburb. The average settlement time for properties in Rhodes is 79 days. This timeframe reflects the standard process involved in property transactions, including contract negotiations, finance approvals, and legal procedures. While quick-flip data is not currently available, the settlement timeframe provides insight into the pace of the Rhodes market.
Development & Density
Rhodes is characterised by its high development density, particularly in terms of apartment buildings. With 318 apartment buildings within the suburb, Rhodes offers a wide range of high-density living options. The high strata percentage of 94.1% further highlights the dominance of apartments in the Rhodes property landscape. This development density reflects the suburb's transformation from industrial land to a modern residential hub.
Growth & Property Mix
Historically, the Rhodes property market has demonstrated consistent growth. Over the past 10 years, Rhodes has seen a Compound Annual Growth Rate (CAGR) of 1.7%. Looking further back, the 20-year CAGR stands at 3.3%. Examining the full 36-year period of available data, the CAGR for Rhodes reaches 5.1%. The property mix in Rhodes is heavily skewed towards apartments, with a high percentage of strata-titled properties.
All data on this page is sourced from NSW government property sale records. Market analysis, cycle positions, growth rates, and all other metrics are provided for informational purposes only and do not constitute financial, investment, legal, or property advice. Always seek independent professional advice before making any property or financial decisions.
This information is based on historical sales data and does not constitute financial, investment, or property advice. Past performance is not indicative of future results. Always consult a qualified professional before making property decisions.