Property investors who have had real estate in Surry Hills, 2010 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.93%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Surry Hills has increased when compared to the 5 year average annual rate.
The most recent median price for Surry Hills is $1525000, with sellers offering an average of -1.56% off the asking price.
Renters in Suburb are facing rents around $10200 per annum or $850 every week.
Property investors who have had real estate in Surry Hills, 2010 should be relatively 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 -2.92%
When looking at the potential capital gains offered to property investors over the last 3 years, Surry Hills comes in at number 268th in NSW.
Property buyers and investors in Surry Hills 2010 should be seeing an average reduction in asking price of around -2.52% . This means that Surry Hills is holding prices well when compared to other suburbs in NSW.
Advertised rents are around the $605 mark per week – giving a return of 4.28% based on the median price in Suburb
Sydney’s answer to Melbourne’s cafes and restaurants district, Surry Hills is a trendy suburb experiencing a massive surge in values.Full summary
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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.