With a capital gain of 2.91% for the last 12 months, Zetland, 2017 has performed for property investments than its average annual 6.26% property growth over the last 5 years.
The five-year average increase in median property values for Zetland,2017 has given property investors a potential capital gain of 8.88% across each of those five years.
Our latest figures would indicate that property sellers in Zetland are currently offering property investors an average price cut of -4.31% below the asking price at the moment.
With the median price for a house in Zetland being $920000 and the advertised rent reaching $750 the gross rental yield for property investors calculates out to be 4.24%
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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.