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Rhodes feels like a compact waterfront village on the Parramatta River, with modern apartment complexes and mixed-use developments lining foreshore boardwalks and parkland. It attracts professionals, young families and people who want apartment living with easy access to outdoor space, cafes and everyday shopping at the Rhodes Waterside shopping centre. Public transport is straightforward via the local train station and bus connections, and the area is shaped more by riverside cycleways, playgrounds and pockets of open green space than by traditional detached housing streets.

The suburb is home to 11,453 people with a median age of 32 and a median household income of $2,183 a week. Couples (with and without children) make up the large majority of families, and most homes are rented (60.8%) rather than owner-occupied. Major public infrastructure is planned or under way — from station upgrades and a committed ferry wharf to a primary school site and new community facilities — while recent foreshore and recreation upgrades have added beach, rockpools, accessible paths and a new recreation centre. Whether Rhodes suits you depends on whether apartment-oriented, waterfront living with those conveniences fits your needs.

Against the typical local household income recorded at the last Census ($2,183 a week), housing in Rhodes takes a significant slice of what people locally earned then. An average unit rent of $920 a week is roughly 42% of that weekly income, a large share, while a house rent of $850 a week is about 39% of the same income, a sizeable share. The median unit price of $902,500 works out to about 8.0 times a typical local annual household income at the last Census, which places buying a unit well above local incomes recorded at that time.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Unit values in Rhodes edged down 1.2% over the past year, while unit rents rose 2.2% in the same period. That means, for the unit side of the market, rental income has increased modestly even as prices slipped slightly, so the rent-versus-value balance differs depending on which outcome matters to you.

House rents in Rhodes fell 3.2% over the year, so the income a rented house would have produced declined modestly. Whether those movements fit your investment goals depends on whether you prioritise rental income or capital change, and on your own circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.