The Rhodes NSW property market in 2026 shows a median apartment price around $1,150,000, gross rental yields of 3.8 to 4.5 percent, and rental vacancy under 2 percent. Capital growth has compounded steadily through 2024 to 2026, supported by tight supply, transit access and the Greater Parramatta to Olympic Peninsula growth corridor. The data points to durable, fundamentals-driven performance.
8 min read | Rhodes Market Insights | Last reviewed June 2026
This is the data-led companion to the Rhodes buyer guides: the median prices, growth trends, yields, vacancy and supply numbers that tell you how the Rhodes market is actually performing. If you want the investment case in numbers rather than narrative, this is the page.
Rhodes market snapshot 2026
| Metric | 2026 figure |
|---|---|
| Median apartment price | ~$1,150,000 |
| Gross rental yield | 3.8 to 4.5% |
| Rental vacancy | Below 2% |
| LGA | City of Canada Bay |
| Distance to CBD | ~14km (22 min by rail) |
Source: CoreLogic 2026 and Revenue NSW. Figures are indicative and move with the market.
Median prices by configuration
| Configuration | Typical 2026 price |
|---|---|
| 1-bedroom | $770,000 to $850,000 |
| 2-bedroom | $1,050,000 to $1,250,000 |
| 3-bedroom | $1,520,000 to $1,850,000 |
| Sub-penthouse / penthouse | $2,200,000+ |
Capital growth trend
Rhodes apartment values have compounded steadily through 2024 to 2026, outperforming many comparable Sydney apartment markets against a backdrop of broader headwinds. The drivers are consistent and structural:
- Tight new supply on the constrained peninsula
- Transit access (rail and ferry) supporting demand
- Position within the Greater Parramatta to Olympic Peninsula (GPOP) growth corridor
- School catchment and amenity underpinning owner-occupier demand
The Rhodes growth story is fundamentals-driven rather than speculative. Tight supply plus durable transit and amenity demand is the combination that supports through-cycle capital growth, as opposed to markets that run on sentiment and correct sharply.
Rental yields and vacancy
| Configuration | Gross yield | Weekly rent |
|---|---|---|
| 1-bedroom | 4.2 to 4.5% | $620 to $720 |
| 2-bedroom | 3.9 to 4.2% | $780 to $950 |
| 3-bedroom | 3.6 to 3.9% | $1,050 to $1,350 |
Rental vacancy in Rhodes has held below 2 percent through 2024 to 2026, underpinned by Macquarie Park and Parramatta employment demand and the suburb’s transit access.
Supply pipeline
The Rhodes supply pipeline is shaped largely by the Rhodes Bay Masterplan and remaining peninsula development. Because the peninsula is geographically constrained, new supply is finite, which structurally supports values. Investors should track stage releases through the masterplan as the primary new-supply signal, while established stock turnover remains relatively tight.
What the numbers mean
For buyers and investors, the Rhodes data points to three conclusions:
- Durable performance: fundamentals-driven growth is more reliable than sentiment-driven markets
- Income stability: sub-2 percent vacancy and 3.8 to 4.5 percent yields support investors
- Supply-constrained upside: the finite peninsula underpins long-term scarcity value
The numbers describe a market with strong fundamentals rather than a speculative one, which is the profile most likely to perform through cycles.
Frequently asked questions
The median apartment price in Rhodes is around $1,150,000 in 2026 (CoreLogic, 2026). By configuration: one-bedroom $770,000 to $850,000, two-bedroom $1,050,000 to $1,250,000, three-bedroom $1,520,000 to $1,850,000, and sub-penthouses from $2,200,000.
Rhodes apartment gross rental yields run 3.8 to 4.5 percent in 2026: one-bedroom 4.2 to 4.5 percent, two-bedroom 3.9 to 4.2 percent, three-bedroom 3.6 to 3.9 percent. Rental vacancy has held below 2 percent through 2024 to 2026.
Yes. Rhodes apartment values have compounded steadily through 2024 to 2026, outperforming many comparable Sydney apartment markets. The growth is fundamentals-driven: tight peninsula supply, rail and ferry transit access, position in the GPOP growth corridor, and school catchment and amenity demand.
The data points to durable, fundamentals-driven performance: steady capital growth, gross yields of 3.8 to 4.5 percent, and sub-2 percent vacancy. The finite peninsula supply structurally supports values, giving Rhodes the profile of a fundamentals-driven market rather than a speculative one. As always, seek independent financial advice for your situation.
Rhodes rental vacancy has held below 2 percent through 2024 to 2026, underpinned by Macquarie Park and Parramatta employment demand, the suburb’s rail and ferry transit access, and tight supply on the geographically constrained peninsula.
The Rhodes supply pipeline is shaped largely by the Rhodes Bay Masterplan and remaining peninsula development. Because the peninsula is geographically constrained, new supply is finite, which structurally supports values. Investors should track masterplan stage releases as the primary new-supply signal.
CoreLogic RP Data and PriceFinder provide detailed Rhodes market data, while realestate.com.au and Domain publish suburb-level medians and recent sales. For new Billbergia stock in the Rhodes Bay Masterplan, register at billbergia.com.au for pricing and stage-release information.
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Information current as of June 2026. Sources: CoreLogic, Revenue NSW, City of Canada Bay, and Billbergia project documentation. Figures are indicative and subject to change. General market commentary, not financial or investment advice. Independent professional advice should be sought.
