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
