Surry Hills is an average performer in NSW when comparing median price capital growth over the last year. Surry Hills gave property investors a good capital gain figure when compared to the rest of the state, with 9.90%.
Over the longer term, Surry Hills has seen property prices show investors a 58.62% return over the last 3 years. This is worse than over the last 12 months
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Surry Hills itself are offering an average vendor discount of -2.72% to real estate investors.
With the median price for a house in Surry Hills being $1610000 and the advertised rent reaching $850 the gross rental yield for property investors calculates out to be 2.75%
Surry Hills has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -0.65% to date .
While Surry Hills,2010 ranked number 187th in NSW for increase in median house value (annualised) increase, it is ranked 208th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Surry Hills is offering property investors an average of -4.42. This rate of discount on properties puts Suburb at number 319th in terms of most discounted suburbs in NSW
Surry Hills, 2010’s gross rental yield is 4.11%
Sydney’s answer to Melbourne’s cafes and restaurants district, Surry Hills is a trendy suburb experiencing a massive surge in values.Full summary
Information supplied by:
Sydney’s answer to Melbourne’s cafes and restaurants district, Surry Hills is a trendy suburb experiencing a massive surge in values.Close
Just 2km from the CBD, the suburb is teeming with cafes, bars and coffee shops.
It also boasts some of Sydney’s best nightlife.
Surry Hills is hip, young and one of the best places to find a small apartment.
Its proximity to the University of Sydney campus and Central Station (a short walk) makes it a highly sought after area to live in.
As such, demand from homebuyers and investors has been exceedingly strong during the past three years.
Since December 2012, median unit values have surged by a total of 33.3% to $753,000, according to OnTheHouse.com.au stats.
However, this strong growth is unlikely to continue due to affordability constraints.
OnTheHouse.com.au predicts no growth for units over the next eight years.