Over the last year, property investments in Zetland, 2017 have given investors a capital gain of -14.54%. This compares very badly with the 10.96% for NSW as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Zetland comes in at number 642th in NSW.
Renters in Suburb are facing rents around $11670 per annum or $972.5 every week.
If you compare the increase in value of investment property in Zetland, 2017 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 3.98%.
Over the longer term, Zetland has seen property prices show investors a 15.09% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Zetland is offering property investors an average of -4.27. This rate of discount on properties puts Suburb at number 144th in terms of most discounted suburbs in NSW
Zetland, 2017’s gross rental yield is 4.21%
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