Get a property report and suburb profile for any property in Zetland

Zetland reads like a compact urban village in inner-southern Sydney, with recent residential renewal creating contemporary apartment blocks around a small retail spine alongside quieter streets of older workers’ cottages and warehouse conversions. The Green Square town centre and its library are within easy reach, frequent buses along Botany Road and Green Square station on the Airport line make trips to the city and the airport straightforward, and there are cafés, supermarkets and pocket parks nearby while larger green spaces sit close for weekend recreation.

Home to 12,622 people with a median age of 30 and a median household income of $2,192 a week, Zetland is largely a renting community and is dominated by couple households. It commonly suits young professionals, downsizers and small families. Recent civic works have added a library, plaza and an aquatic and recreation centre, and council work on public upgrades and options for a future metro station is under way, which matters if longer-term transport and open-space changes are important to you.

Housing costs in Zetland sit high when measured against the median household income recorded at the last Census. The median total household income at the last Census was $2,192 a week. On those figures, an average house rent of $1,500 a week would take about 68.4% of a typical local household's weekly income, while unit rent of $1,100 a week would take about 50.2%. Both rents therefore represent a large share of a typical local household's income at the last Census.

Buying a unit is also well above local incomes: the median unit price of $972,500 is about 8.5 times a typical local annual household income at the last Census (annual income ? $113,984). If you are renting rather than buying, the rent shares above are the most relevant measures.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months in Zetland, house values rose 16.3% and house rents rose 18.6%. Both are strong increases, with house rents growing slightly faster than house prices over the year.

Unit values edged up 1.2% while unit rents increased 4.8% — a slight rise in values and a modest rise in rents, so rental income outpaced capital growth on the unit side as well. If rental income is your priority, the rent changes are the figures that matter; if capital growth is what you’re after, focus on the value changes. Whether that balance suits you depends on your goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.