Investment property in Surry Hills has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.82%
Over the longer term, Surry Hills has seen property prices show investors a 35.74% return over the last 3 years. This is worse than over the last 12 months
Surry Hills, 2010 is offering NSW ‘s 1094th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this NSW.
At number 1006 in a list of fastest selling suburbs, Surry Hills is in the TOP 30% of suburbs in Australia with an average of days on market 55.22 for properties listed there.
The NSW suburb of Surry Hills, 2010 is in the Sydney local government area.
Property value increases in Surry Hills have tracked just higher than the NSW average of 8.63% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Surry Hills comes in at number 276th in NSW.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.13% offered to property buyers. Sellers in Surry Hills itself are offering an average vendor discount of -3.98% to real estate investors.
At number 306 in a list of fastest selling suburbs, Surry Hills is in the TOP 30% of suburbs in Australia with an average of days on market 49.76 for properties listed there.
A $640 per week rent on the median house gives suburb investors a gross yield of circa 4.05%, without taking into account capital value appreciation, which has been averaging out at 8.82%.
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.