Investment property in Zetland has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.82%
Across a shorter period, Zetland, 2017 has seen a median price increase of 5.93% over the last quarter.
Property buyers and investors in Zetland 2017 should be seeing an average reduction in asking price of around -5.33% . This means that Zetland is holding prices well when compared to other suburbs in NSW.
Residents and property investors in Zetland have been waiting around 66.28 days to sell a property.
A $750 per week rent on the median house gives suburb investors a gross yield of circa 4.32%, without taking into account capital value appreciation, which has been averaging out at 5.51%.
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