Property investors who have had real estate in Zetland, 2017 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -8.92%
Taking the average capital gain, or increase in median house value, Zetland,2017 has racked up an average of -8.92% over the period. This ranks it number 1243th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Zetland should be aiming for at least -4.77% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $740 weekly from the median priced house in this 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