602/20 Shoreline Drive, Rhodes NSW 2138
602/20 Shoreline Drive, Rhodes NSW 2138
2-bed 2-bath study | level 6 apartment | Rhodes commuter precinct | strong rental demand | no confirmed outlook
This unit is positioned as upper-middle standard apartment stock within a high-density, amenity-rich Rhodes precinct. Its two-bedroom, two-bathroom layout with a study offers practical separation for professional couples or downsizers, while ducted heating and cooling, secure parking, and a balcony are considered baseline expectations in this market. The level 6 placement is likely to provide enhanced light and privacy over lower floors, and the property’s location near rail, retail, and parkland sustains strong rental demand. Owner-occupiers and investors are equally served by this configuration, as the study adds flexibility for home-office use or guest accommodation.
Value may be influenced by the unit’s exact aspect and outlook, as water or CBD views in this precinct are typically compensated with higher prices. The building’s construction era and on-site amenities might also be considered by buyers, with full-amenity towers often being valued above basic stock. Strata levies, though not detailed, may be weighed against net rental return. The study and two toilets are regarded as functional strengths, while shared building obligations and limited land ownership are inherent trade-offs that might temper price growth compared with detached houses.
>> Comparable Sales: 602/19 Shoreline Drive sold $1.18M in 2019; 106/20 Shoreline Drive sold $1.35M in 2022 | Property Price Band: $1.4M–$1.5M | Value Drivers: level 6 position, study/2-bath layout, condition
Detailed Independent Property Report prepared by PropCred Analyst team for 602/20 Shoreline Drive, Rhodes NSW 2138
Checks found:
Value Risk
!
1
Liquidity Risk
✕
2
Planning Risk
✓
Income Risk
!
1
Execution Risk
!
1
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.
PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
1.43 acres
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