Searches for apartment prices in Rhodes usually come from buyers trying to anchor expectations before inspecting properties. While headline figures are useful, the reality is more nuanced. Prices in Rhodes vary meaningfully depending on apartment size, position within the suburb, building quality and proximity to transport and amenities.
Understanding the average cost is a starting point. Knowing why prices sit where they do is what leads to better decisions.
Average apartment prices in Rhodes
As a general guide, apartments in Rhodes sit in the mid-to-upper range for Sydney’s inner-west apartment markets.
Typical price ranges buyers encounter:
- One-bedroom apartments: Often priced from the high $600,000s into the $800,000s
- Two-bedroom apartments: Commonly range from the mid $800,000s to above $1.1 million
- Three-bedroom apartments: Frequently exceed $1.2 million, particularly in newer or waterfront-facing buildings
These figures fluctuate with market conditions, but they reflect the premium placed on transport access, waterfront proximity and established infrastructure.
Why are apartment prices in Rhodes higher than in nearby suburbs
Rhodes is not priced purely on size or age of apartments. Several structural factors support its pricing.
Key drivers include:
- Rail connectivity: Direct access to the CBD, Parramatta and Macquarie Park
- Retail and lifestyle amenity: Rhodes Central, waterfront walkways and parklands
- Limited remaining development land: Supply is controlled compared to newer precincts
- Strong owner-occupier demand: Particularly from downsizers and families
These factors combine to create consistent demand across market cycles, which supports pricing even when broader apartment markets soften.
New apartments vs older stock: cost differences
New developments in Rhodes typically command a price premium. Buyers are paying for modern layouts, newer finishes and lower short-term maintenance requirements.
Older apartments, particularly those built before the most recent development wave, often sit at lower entry points. In some cases, they offer larger internal layouts or lower strata costs, which can appeal to value-focused buyers.
Price differences are influenced by:
- Building age and construction quality
- Amenities such as lifts, gyms and concierge services
- Strata levies and capital works history
- Aspect, floor level and natural light
Two apartments with the same bedroom count can differ in price by hundreds of thousands of dollars, depending on these factors alone.
How location within Rhodes affects apartment prices
Rhodes is a compact suburb, but micro-location still matters.
Apartments closest to:
- Rhodes Station
- Rhodes Central shopping precinct
- Waterfront promenades
tend to attract higher prices and stronger buyer competition.
Properties further from the centre, or closer to major roads, may trade at lower price points despite similar internal specifications.
For buyers, this creates opportunities to balance price against convenience rather than paying a uniform “Rhodes premium”.
Is the average cost of apartments in Rhodes a good value?
Value depends on the comparison point. Against newer high-density precincts without established infrastructure, Rhodes often appears expensive. Compared to similarly connected suburbs with comparable amenities, pricing is more defensible.
Rhodes buyers are paying for:
- Certainty around transport and services
- A suburb that is largely built out
- Ongoing demand from both renters and owner-occupiers
That combination tends to support price resilience rather than rapid growth.
What buyers should consider beyond the average price?
Average prices can be misleading if taken in isolation. Before committing, buyers should assess:
- Strata reports and long-term maintenance planning
- Rental demand if the property is investment-focused
- Floor plan efficiency and storage
- Noise exposure and outlook
- Future development nearby
Apartments that perform well over time are rarely the cheapest or the most expensive. They tend to be the most balanced.
Average cost of apartments in Rhodes: FAQs
What is the average price of an apartment in Rhodes?
The average price of an apartment in Rhodes varies by size, but one-bedroom apartments are commonly priced from the high $600,000s, two-bedroom apartments from the mid $800,000s, and three-bedroom apartments often exceed $1.2 million, depending on location and building quality.
Why are apartments in Rhodes more expensive than nearby suburbs?
Apartments in Rhodes are priced higher due to direct train access, established retail and waterfront amenities, limited remaining development land, and strong demand from both renters and owner-occupiers.
Are new apartments in Rhodes more expensive than older ones?
New apartments in Rhodes usually cost more than older stock because they offer modern layouts, newer finishes and lower short-term maintenance. Older apartments can be cheaper but may have higher future maintenance or fewer amenities.
Do apartment prices vary within Rhodes?
Yes. Apartments closer to Rhodes Station, the shopping precinct and waterfront areas generally command higher prices. Apartments further from these areas or closer to major roads often sell for less.
Is Rhodes a good suburb for apartment investment?
Rhodes suits investors seeking steady rental demand and lower vacancy risk rather than rapid capital growth. Pricing is supported by transport access and lifestyle appeal rather than speculative upside.
Are apartment prices in Rhodes expected to rise?
Apartment prices in Rhodes tend to be stable due to consistent demand and limited supply. Growth is usually gradual rather than rapid, with location and building quality having the greatest influence.
What additional costs should buyers consider besides the purchase price?
Buyers should factor in stamp duty, legal fees, strata levies, council rates and potential future capital works when assessing the total cost of an apartment in Rhodes.
Average cost of apartments in Rhodes: FAQs
What is the average price of an apartment in Rhodes?
The average price of an apartment in Rhodes varies by size, but one-bedroom apartments are commonly priced from the high $600,000s, two-bedroom apartments from the mid $800,000s, and three-bedroom apartments often exceed $1.2 million, depending on location and building quality.
Why are apartments in Rhodes more expensive than nearby suburbs?
Apartments in Rhodes are priced higher due to direct train access, established retail and waterfront amenities, limited remaining development land, and strong demand from both renters and owner-occupiers.
Are new apartments in Rhodes more expensive than older ones?
New apartments in Rhodes usually cost more than older stock because they offer modern layouts, newer finishes and lower short-term maintenance. Older apartments can be cheaper but may have higher future maintenance or fewer amenities.
Do apartment prices vary within Rhodes?
Yes. Apartments closer to Rhodes Station, the shopping precinct and waterfront areas generally command higher prices. Apartments further from these areas or closer to major roads often sell for less.
Is Rhodes a good suburb for apartment investment?
Rhodes suits investors seeking steady rental demand and lower vacancy risk rather than rapid capital growth. Pricing is supported by transport access and lifestyle appeal rather than speculative upside.
Are apartment prices in Rhodes expected to rise?
Apartment prices in Rhodes tend to be stable due to consistent demand and limited supply. Growth is usually gradual rather than rapid, with location and building quality having the greatest influence.
What additional costs should buyers consider besides the purchase price?
Buyers should factor in stamp duty, legal fees, strata levies, council rates and potential future capital works when assessing the total cost of an apartment in Rhodes.
