Suburb spotlight: Zetland

Where 205 properties sold in the last 12 months.

The popularity of Zetland continues to increase. In fact, according to CoreLogic RP Data, the median house price has jumped around $400,000 in the last 12 months alone to sit just under $1.5 million.

Let’s look at the top market share positions today. McGrath sits in the top spot with 6 per cent market share. Century 21 holds 2 per cent, and then it’s an open race with Richardson & Wrench, NG Farah and Laing & Simmons all holding 1 per cent market share.

The Zetland market suits investors with 48 per cent of residents renting. With an average two bedroom apartment renting for $740 per week, the opportunity is there for savvy real estate businesses to build a successful sales and property management operation.

The opportunity to open a business in the heart of Zetland is with Ray White. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.

Contact:
Andrew McCulloch | +614 7903 9440