Jacob Saleh
10L/10-16 Marquet Street, Rhodes, NSW 2138
Guide $1,800,000
3 2 2
Open Saturday 3 October 3:15 pm Auction Saturday 31 October 10:45 am🏛️ About This Suburb (Last Updated Date: 2026-03-02)
History, Aboriginal heritage, and the story behind the name.
Rhodes — Darug Country
Originally a heavily industrialised peninsula home to chemical plants and timber mills, Rhodes underwent one of Australia's largest urban renewals starting in the late 1990s. The transformation involved extensive soil remediation to convert toxic industrial sites into a modern residential and commercial hub.
Today, Rhodes is a high-density urban precinct characterised by modern apartment towers, a major shopping complex, and a significant corporate office park.
Overall Score
7.8
A premium high-density lifestyle choice with excellent infrastructure but high entry costs.
Aboriginal Name
Wangal— "The land of the Wangal people, part of the Darug nation"
Name Origin
Named after the home of early settler Frederick Wright Unwin, which was called 'Rhodes House'.
Established
Gazetted 1927
Urban Renewal
One of Sydney's most successful brownfield redevelopments.
Bennelong Bridge
A transit-only bridge connecting Rhodes to Wentworth Point.
Retail Hub
Home to one of Sydney's largest IKEA stores and shopping centres.
📊 Scorecard
12 key dimensions scored 0–10. Each score includes a one-line explanation.
Market Momentum
6.5
Steady demand for units, though high supply levels in the pipeline moderate price surges.
Amenity
9.5
Exceptional access to retail, dining, and waterfront parklands within a 10-minute walk.
Schools
6.0
The new Rhodes Public School has improved local capacity, but secondary options require travel.
Transport
9.2
Superb rail links to the CBD and Macquarie Park, plus ferry access nearby.
Risk Profile
4.5
Concerns remain regarding building quality in older towers and historical soil contamination.
Liveability
8.0
Highly convenient for professionals and young families seeking a low-maintenance lifestyle.
Demographics
8.5
A young, highly educated, and multicultural population with high median incomes.
Rental Demand
9.0
Extremely high due to proximity to corporate offices and the T9 Northern Line.
Growth Potential
7.0
Future growth tied to the Rhodes East Precinct masterplan and infrastructure upgrades.
Affordability
4.2
Expensive relative to other high-density hubs; high strata levies impact holding costs.
Crime & Safety
8.2
Generally safe with low violent crime, though retail-related theft is present.
Walkability
9.8
A 'walker's paradise' where most daily errands do not require a car.
⚡ Quick Snapshot
Key metrics at a glance, plus your top advantages and watch-outs.
CBD Commute
25 mins
Via T9 Northern Line
Housing Type
96% Units
Dominantly high-rise
Median Age
32
Young professional skew
Rental Yield
4.2%
Gross average for units
Green Space
14%
Waterfront & parklands
Walk Score
92/100
Highly walkable
✅ Key Advantages
- Unbeatable convenience with Rhodes Waterside and Rhodes Central shopping centres.
- Excellent public transport connectivity via the T9 Northern Line and bus networks.
- High-quality waterfront public spaces and the Kokoda Track Memorial Walkway.
- Strong rental market with low vacancy rates and high demand from corporate tenants.
- Modern infrastructure including the recently completed community centre and library.
⚠️ Key Watch-Outs
- Significant traffic congestion on Concord Road and Homebush Bay Drive during peak hours.
- High strata levies in buildings with extensive gym, pool, and concierge facilities.
- Historical soil contamination issues requiring ongoing management in certain zones.
- Wind tunnel effects created by high-rise corridors near the waterfront.
- Potential for 'cladding' issues in buildings constructed between 2010 and 2018.
🏘️ Suburb Overview
Character, property mix, price range and what drives value here.
🏙️ Character
Urban Professional
How this suburb feels day-to-day.
🏠 Property Types
Almost exclusively high-density apartments with a small pocket of heritage houses.
Dominant dwelling stock.
💰 Price Range
$750k (1BR) – $3.5m+ (Penthouse/House)
Typical entry to ceiling.
💡 Why It Matters
Rhodes represents the 'new' Sydney—a master-planned high-density environment that prioritises transit and retail. For buyers, it offers a turnkey lifestyle, but requires rigorous due diligence on building quality and strata health.
💰 Price Guide & Market Trends
Medians, rental market, 5-year history and property split.
🏠 House Median
$2,850,000
$2.2m – $4.5m (Very limited stock)
🏢 Unit Median
$1,050,000
$720k – $2.1m
📈 Price Trend
+5.4% past 12 months
12-month movement
🔑 Weekly Rents
Houses $1,100pw, Units $850pw
Current asking rents
📉 5-Year Price History
🏘️ Property Type Split
The unit market is the primary driver. While capital growth has been steady, the real value lies in the high rental yields and the scarcity of the few remaining detached houses on the eastern side.
🎯 Affordability
How this suburb compares to metro and state medians.
🏙️ vs Metro Average
12% above Sydney unit median
Price comparison
📋 Income Ratio
8.8x annual income
Median price ÷ median income
💳 Gross Yield
4.2% gross yield
Estimated rental yield
More AffordableModeratePremium
Entry levelMid rangePremium
Rhodes is a premium apartment market. While more affordable than houses in the Inner West, its units command a significant premium over nearby Meadowbank or Homebush.
🔥 Rental Demand
Vacancy rates, demand pressure, tenant profile, and investor outlook.
📊 Vacancy Rate
1.4%
Lower = tighter market
⏱️ Days to Lease
16 days
Avg time on market
📈 Rent Growth p.a.
+8.5% pa
Annual rental increase
Demand Level
Very High
👤 Tenant Profile
Young professionals, international students, and corporate relocations.
💼 Investor Outlook
Strong cash flow potential with low vacancy. Investors should focus on buildings with lower 'lifestyle' levies to maximise net returns.
🚀 Growth Potential
Historical capital growth, infrastructure pipeline, and 5-year outlook.
+5.4%
1-Year Growth
+18.2% cumulative
3-Year Growth
+28.0% cumulative
5-Year Growth
📍 Growth Drivers
- Rhodes East Precinct redevelopment adding new schools and community facilities.
- Continued demand for transit-oriented development (TOD).
- Proximity to the Burwood and Strathfield commercial hubs.
- Limited remaining land for new development on the peninsula.
⛔ Headwinds
- Rising interest rates impacting highly leveraged apartment buyers.
- Increased supply from surrounding areas like Wentworth Point and Olympic Park.
- High strata maintenance costs in aging high-rise towers.
🔮 5-Year Outlook
Steady moderate growth expected as the Rhodes East masterplan matures and the area transitions from a 'development site' to a 'settled community'.
🛡️ Crime & Safety
Safety index, trend comparison, and what to check locally.
8.2
Safety Score
Above Average
📉 Trend
Stable
vs last 12 months
🏙️ vs Metro Average
18% below metro average crime rate
Relative comparison
Risk Categories
Theft: Medium
Property Damage: Low
Personal Safety: Low
📋 What to Check Locally
Check secure parking arrangements as basement storage cage theft is the most common local complaint.
⚠️ Risk Profile
Natural hazards and planning risks to verify before buying.
📋 Summary
The primary risks are building-specific (structural/cladding) and environmental (legacy contamination).
🌊 Flood Risk
Low risk for most residential towers; some fringe areas near the river monitored for sea-level rise.
🔥 Bushfire Risk
Nil risk.
🏦 Insurance Impact
Generally standard, but premiums are rising for buildings with known cladding issues or high-value common facilities.
🗺️ Planning & Zoning
Development controls, overlays, and what's changing locally.
📐 Typical Zoning
R4 High Density Residential / MU1 Mixed Use
🔲 Overlays
Acid Sulfate Soils (Class 5), Foreshore Building Line
🏗️ Development Hotspots
Rhodes East Precinct (Leeds St area)
The Rhodes East Strategy will transform the eastern side of the railway line, adding significant new density and public infrastructure.
🌳 Liveability
Day-to-day experience — transport, amenity, green space, schools and healthcare.
🚌 Transport
Excellent train and bus services; walkable bridge to Wentworth Point.
🛍️ Amenity & Retail
Top-tier retail with two major shopping centres and diverse dining.
🌲 Parks & Recreation
Well-maintained waterfront promenades and central parklands.
🏫 Schools
New primary school on-site; secondary students typically commute to Concord or Ryde.
🏥 Healthcare
Numerous GPs and specialists locally; Concord Hospital is 5 minutes away.
👥 Demographics
Who lives here — income, age, ownership, and education levels.
A vibrant, multicultural hub with a high proportion of residents with Chinese, Korean, and Indian heritage.
💵 Median Income
$108,000 pa (Household)
🏠 Ownership
32% owner-occupied, 65% renting
🎂 Age Profile
Median age 32; high concentration of 25-39 year olds.
🎓 Education
62% of residents hold a Bachelor's degree or higher.
📊 Age Distribution
The high rental population and young age profile create a transient but high-spending local economy.
🏗️ Major Developments
Infrastructure pipeline and what it means for values and liveability.
📋 Overview
The focus has shifted from the West (Waterfront) to the East (Railway side) under the Rhodes East Strategy.
📈 Positive Impacts
- New primary school and community health facilities.
- Upgraded pedestrian bridge and station access.
- Creation of new waterfront public open space on the eastern side.
📉 Negative Impacts
- Increased construction noise and traffic for the next 3-5 years.
- Further strain on the T9 rail line during peak periods.
🗺️ Nearby Suburb Comparison
How neighbouring suburbs stack up on price, lifestyle and who they suit.
📍Wentworth Point
Position
West (Across Bridge)
Price
15% Cheaper
Lifestyle
No train station; more 'resort' feel.
Best for
Budget-conscious lifestyle seekers.
📍Concord West
Position
South
Price
80% More Expensive (Houses)
Lifestyle
Traditional suburban feel with backyards.
Best for
Established families.
📍Meadowbank
Position
North (Across River)
Price
10% Cheaper
Lifestyle
Older unit stock; excellent ferry access.
Best for
First home buyers.
🔍 Similar Suburbs
Suburbs with a comparable profile — useful if this one is over budget or sold up.
Zetland
NSW
8.0/10
High-density urban renewal with a major retail core.
St Leonards
NSW
8.2/10
High-rise living with direct rail and corporate proximity.
Docklands
VIC
7.2/10
Waterfront high-density precinct with industrial roots.
Newstead
QLD
8.4/10
Premium riverside urban renewal with high-end amenities.
💬 Community Sentiment
Aggregated themes from resident discussions, forums and local feedback.
📊 Overall Community Sentiment
Residents love the convenience and safety, though many complain about the 'soulless' feel of high-rise living and the weekend traffic congestion.
★★★★★
Convenience
I can do all my shopping, go to the gym, and catch the train to work without ever needing a car.
Transit
Amenities
★★★☆☆
Building Quality
The location is great, but we had to spend a lot on a strata report to ensure there were no cladding issues.
Location
Risk
★★★★☆
Family Life
The waterfront walks are beautiful for the pram, and the new school has made a big difference.
Parks
Schools
💡 Tailored Advice
Personalised guidance for every role in this market.
🧑💼 Buyer Strategy
- Prioritise buildings on the western side for better views and quieter streets.
- Always request a 'Specialist Cladding Report' if the building was finished between 2010-2020.
- Check the orientation; south-facing units can be very dark and cold due to tower overshadowing.
- Negotiate harder on units with high strata levies (> $1,800 per quarter).
- Look for 'Rhodes East' opportunities for long-term capital growth.
❓ Questions to Ask the Agent
- Has this building been audited for combustible cladding?
- What are the current quarterly strata levies and is there a sinking fund surplus?
- Are there any active special levies for building defects?
- Is the parking space on a separate title or accessory to the unit?
- What is the percentage of owner-occupiers in this specific tower?
- Are there any planned developments that will block this unit's current view?
🏷️ Seller Strategy
- Highlight 'work from home' nooks as the local demographic is tech-heavy.
- Ensure the balcony is styled as an 'outdoor room' to maximise perceived space.
- Timing is key; avoid listing during major new tower settlement periods.
- Provide a pre-purchase strata report to build buyer confidence quickly.
📣 Positioning Tips
Position the property as a 'low-maintenance lifestyle asset' targeting young professionals and savvy investors who value the 25-minute CBD commute.
💼 Investment Case
High-yield, low-vacancy play in a high-growth corridor.
⚠️ Investment Risks
High supply levels and potential for legislative changes regarding high-rise building standards.
📈 Action Plan
- Target 2-bedroom units with 2 bathrooms and parking.
- Avoid buildings with excessive 'lifestyle' amenities to keep levies low.
- Verify the NBN connection type (FTTP is highly preferred by tenants).
- Review the 10-year capital works fund in the strata minutes.
🔑 Renter Tips
- Check mobile reception inside the unit; some towers have dead zones.
- Ask about the 'car share' pods in the basement if you don't own a car.
- Test the wind on the balcony during the inspection.
🏘️ What Renters Love Here
Unbeatable access to shops and trains.
⚠️ Renter Watch-Outs
Noise from the train line if the unit is not double-glazed.
🏢 Landlord Strategy
- Offer a 12-month lease to align with the corporate relocation cycle.
- Consider 'pet-friendly' status to stand out from the high volume of listings.
📋 Compliance & Management
Ensure all fire safety and smoke alarm certifications are current as Canada Bay Council is strict on high-rise compliance.
🤝 Agent Insights
- The market is highly sensitive to interest rate movements due to the high investor ratio.
- Buyers are increasingly asking about 'EV charging' capabilities in basements.
🎯 Marketing Angles
The '15-minute city'—everything you need within a 15-minute walk.
👤 Target Buyer Profile
Young professional couples (28-40) and downsizers from the Inner West.
✅ Due Diligence Checklist
Tap items to tick them off. Don't skip these before signing anything.
✓
Review the full Strata Report (last 3 years of minutes).
✓
Check the NSW Fair Trading 'Project Intervene' list for the developer.
✓
Verify the unit's school catchment for the new Rhodes Public School.
✓
Inspect the basement for signs of water ingress or concrete cancer.
✓
Confirm the NBN connection type and speed.
✓
Check the 'Rhodes East Precinct' map for nearby future construction.
✓
Test all appliances and air conditioning units during the final inspection.
✓
Verify the 'car space' dimensions (some are very tight in older towers).
✓
Check for any 'encumbrances' on the title related to soil remediation.
✓
Assess the 'wind tunnel' effect on the balcony during a gusty day.
📚 Government Sources & Disclaimer
Official council and government links only. Always verify independently before any property decision.
⚠️ Important Disclaimer
This report is for informational purposes only and does not constitute financial or legal advice. All data is based on available 2026 projections and historical records. Buyers should conduct their own independent investigations.
