At number 3685th in the list of Australian suburbs ordered by increase in median house value over the last year, Zetland, 2017 is in the BOTTOM 20% with a property value increase of -6.79% recorded in median house prices.
Across a shorter period, Zetland, 2017 has seen a median price increase of -7.08% over the last quarter.
On average over the past year, suburb has had 1.08 sales per month, which equates to 13 per year.
Renters in Suburb are facing rents around $10140 per annum or $845 every week.
Property investors who have had real estate in Zetland, 2017 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.55%
While Zetland,2017 ranked number 388th in NSW for increase in median house value (annualised) increase, it is ranked 330th over the last 5 years.
Property investors looking for a bargain in Zetland should be aiming for at least -4.88% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Zetland the average time real estate has been on the market is 59.21 days.
Advertised rents are around the $710 mark per week – giving a return of 3.97% based on the median price in Suburb
Given the suburb’s fame, it’s no surprise that quite a bit of new stock is entering the market, amounting to a 58% increase.Full summary
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Food district gets supply boost
Median unit price: $890,000
Stock on market: 58%
12-month growth: 7.23%
A central suburb of Sydney’s inner west, the sought-after neighbourhood of Zetland is popular with investors and homeowners alike.
There is an abundance of local amenities within walking distance, including the East Village Shopping Centre and Victoria Park's 'eat street', which is full of cafés, restaurants and bars/pubs. Zetland has become one of Sydney's premiere foodie suburbs, with popular new establishments such as The Grounds, Sopra, Fratelli Fresh, Kitchen by Mike and Il Cipro al Taglio nearby.
It’s also near the airport – an employment hub – and the CBD is accessible within minutes via the Green Square railway station.
Given the suburb’s fame, it’s no surprise that quite a bit of new stock is entering the market, amounting to a 58% increase. Close