1408/7 Rider Boulevard, Rhodes NSW 2138
1408/7 Rider Boulevard, Rhodes NSW 2138
2/2/1 high-rise apartment | 2013 Mirvac-built tower | upper-level water views possible | downsizer and investor demand | secure parking with storage cage
This apartment forms part of a well-regarded Mirvac development in central Rhodes, a location defined by its rail link, waterfront parklands, and retail convenience. The two-bedroom layout, spanning roughly 112 square metres, offers a more generous footprint than many newer towers, with stone kitchen, European laundry, and secure parking expected. The building’s 25-storey profile means upper-floor units may capture water or district views, though this is not uniform across all lots. Demand for this type of stock is driven by owner-occupiers and downsizers who value established building quality and walkability, while investors are drawn to consistent rental interest in the precinct.
Value may be influenced by the specific floor level and aspect, with higher units typically commanding a premium for unobstructed outlooks. The condition of original finishes, along with any upgrades made by the current owner, might also affect the final price. Strata levies in a full-service tower are a consideration, and mixed-use ground level activity is normal for this area. Buyers may also weigh the building’s proven resale performance against the age of its fitout, as well as any future changes to the surrounding infrastructure.
Detailed Independent Property Report prepared by PropCred Analyst team for 1408/7 Rider Boulevard, Rhodes NSW 2138
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
URL has been copied successfully!
Market Insight
Rhodes is a compact, waterfront suburb positioned for commuters and investors. Demand is driven by young professionals and families aged 25-40, plus investors eyeing units, given 394 unit sales against just 13 house sales annually. House prices surged 25.6% to $1.44m, but unit growth is flat to negative (–1.7% to +0.33%), with units yielding 4.6–4.81%. Transport links to the CBD, Rhodes Waterside retail, and urban renewal underpin future demand. Key constraints: high house prices limit affordability, unit supply is elevated, and 55 days on market signals rate sensitivity.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: a 2-bed unit at 2008/7 Rider Boulevard sold for $1.35M in Nov 2024; another at 1504/7 Rider Boulevard sold for $1.45M in Mar 2026 | Property Price Band: $1.3M-$1.5M | Value Drivers: floor level and outlook, layout size, condition and fitout
Bedrooms
2
Bathroom
2
Parking
1
Land
326m²
URL has been copied successfully!