Over the last year, property investments in Zetland, 2017 have given investors a capital gain of -3.90%. This compares averagely with the -4.02% for NSW as a whole.
Taking the average capital gain, or increase in median house value, Zetland,2017 has racked up an average of -3.90% over the period. This ranks it number 1336th in the whole country for real estate investors looking at median house price increases.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.83% offered to property buyers. Sellers in Zetland itself are offering an average vendor discount of -7.72% to real estate investors.
Zetland, 2017’s gross rental yield is 4.45%
Information supplied by:
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.