If you’ve spent any time exploring Sydney’s property market lately, chances are you’ve already looked at Rhodes. And if you’re after space, views, and long-term value, you’re probably zeroing in on 3-bedroom apartments for sale in Rhodes with water views, and for good reason.
Rhodes has quietly evolved into one of Sydney’s most liveable waterfront precincts. Families, professionals, and lifestyle-focused buyers are now competing for a limited pool of larger, view-rich apartments. This article unpacks what makes this specific slice of the market so compelling, and what savvy buyers are looking for when they find the one.
Location First: Why Rhodes Works
Rhodes isn’t just another postcode with river frontage. It’s a master-planned suburb that’s been thoughtfully developed over the last two decades. You’re on a peninsula surrounded by water, with just one way in and out, creating a sense of calm that’s hard to find this close to the CBD.
You’re:
- 25 minutes from the city by train
- Walking distance to Rhodes Waterside shopping, foreshore walks, and cafés
- Surrounded by green space, Bicentennial Park, Brays Bay Reserve, Rhodes Foreshore Park
And unlike trend-driven suburbs, Rhodes has proven its value through multiple market cycles. It’s where location, transport, and waterfront amenity converge.
Why 3 Bedrooms?
The Rhodes apartment market offers everything from compact studios to luxury penthouses, but three-bedroom apartments hit a unique sweet spot.
Here’s why:
- Flexibility: A third room gives you options, a home office, guest room, nursery, or just extra breathing room.
- Downsizer appeal: Families transitioning from houses often want the space, minus the maintenance.
- Longer tenure: People stay longer in 3-bed apartments, reducing turnover and enhancing neighbourhood feel.
- Rental performance: These units attract premium tenants, often professionals with families or high-income couples.
The demand is high, but supply is naturally limited. Most developers build more 1- and 2-bedroom units for volume. That’s what makes quality 3-bedders with water views genuinely scarce.
Let’s Talk About the Views
A waterfront apartment in Rhodes isn’t just about the aesthetic, it’s about the lifestyle and the value it holds over time.
Direct views over the Parramatta River bring:
- Elevated resale value – especially when facing northeast for morning light
- Daily liveability – natural light, breezes, and a connection to the outdoors
- Scarcity factor – not every building has uninterrupted river frontage
When you stand on the balcony of a well-designed waterfront apartment in Rhodes, you realise you’re not just buying square metres, you’re buying perspective.
What to Look For
Before diving into listings, here’s a checklist to help you cut through the noise:
- True water views – not just “water glimpses” between buildings. Ideally facing Parramatta River, not internal courtyards.
- Functional layout – Separate master suite, open-plan living, minimal wasted corridors.
- Outdoor flow – A large, usable balcony that becomes an extension of the living area.
- Quality finishes – Think engineered timber, stone benchtops, ducted air con, Smeg or Miele appliances.
- Developer reputation – Stick with developers who have a proven track record of delivering quality waterfront product in Rhodes, such as Billbergia.
- Strata health – Request a strata report. Look for buildings with strong maintenance records and fair levies for the amenity on offer.
Pricing & Market Insight
As of mid-2025, 3-bedroom apartments in Rhodes with genuine water views are trading between $1.45M and $2.3M, depending on position, finishes, and building age.
You’re paying for:
- Floor level (the higher, the better)
- View axis (direct water beats angled outlooks)
- Internal sqm (ideally 110sqm+ for true comfort)
Interestingly, some buyers are now choosing waterfront apartments over houses in surrounding suburbs, recognising the superior lifestyle at a lower price point.
Investor Edge: Are These Units Worth It?
Absolutely, for the right investor.
Waterfront 3-bedders in Rhodes rent for between $1,100–$1,400/week, depending on view, layout, and parking.
They attract:
- Relocation professionals
- Medical and tech workers based in Macquarie Park or Sydney Olympic Park
- Small expat families looking for prestige rental options
Add in low vacancy rates and solid body corporate management, and the yield picture is compelling.
Why Billbergia Stands Out
There’s no shortage of developers in Sydney, but very few have shaped a suburb the way Billbergia has shaped Rhodes.
They’ve delivered:
- Rhodes Central – a true mixed-use community with towers, retail, and activation
- Bennelong Bridge – connecting Rhodes to Wentworth Point and reshaping local transport
- Award-winning buildings designed for light, airflow and view capture
When you buy a Billbergia apartment, you’re not just buying into a project, you’re buying into a neighbourhood blueprint that has been decades in the making.
Final Word: Who Is This For?
If you’re chasing capital growth, lifestyle uplift, and lock-up-and-leave convenience, a 3-bedroom waterfront apartment in Rhodes should be on your shortlist.
It’s a smart, forward-looking purchase, not just because of what it offers now, but what it will represent five or ten years from now when supply is even more constrained, and Rhodes has matured even further.
Looking to Inspect?
We’re currently showcasing a select number of 3-bedroom water-view apartments in Rhodes. Book a private appointment or visit our Rhodes display suite this weekend.
Because you’re not just buying property.
You’re buying lifestyle, light, and longevity.
Frequently Asked Questions: 3-Bedroom Apartments for Sale in Rhodes with Water Views
Are waterfront apartments in Rhodes a good investment in 2025?
Yes. With ongoing demand from both owner-occupiers and high-income renters, 3-bedroom waterfront apartments in Rhodes continue to outperform in terms of capital growth and rental yield. Their scarcity and lifestyle appeal give them a strong competitive edge.
What’s the typical price range for 3-bedroom apartments in Rhodes with water views?
As of mid-2025, prices typically range from $1.45M to $2.3M, depending on building age, floor height, orientation, and fit-out quality. Premium northeast-facing apartments on higher floors command the upper end of the range.
How do I know if the apartment has “true” water views?
Look for listings with direct, unobstructed views over Parramatta River, ideally from the living area or balcony. Be cautious of listings that reference “water glimpses” or only partial views — these don’t carry the same resale or lifestyle value.
Are there many new 3-bedroom apartments being built in Rhodes?
Not many. Developers typically focus on 1- and 2-bedroom stock due to higher density and faster sales turnover. As a result, quality 3-bedroom waterfront apartments remain scarce and tightly held, increasing their long-term value.
What amenities should I look for in a premium 3-bed apartment in Rhodes?
Desirable features include ducted air conditioning, engineered timber floors, stone benchtops, premium appliances (like Smeg or Miele), and a spacious balcony with water views. Proximity to transport, parks, and Rhodes Central is also key.
How do these apartments perform as rental investments?
They rent exceptionally well, typically between $1,100–$1,400 per week, depending on quality and position. They appeal to professional couples, small expat families, and relocations from the medical and tech sectors nearby.
Why buy from Billbergia specifically?
Billbergia has shaped the Rhodes skyline. Their developments are known for light-filled design, functional layouts, and reliable build quality. Their track record in delivering master-planned, waterfront communities is unmatched in the area.
