Surry Hills, 2010 ranked 967th in NSW when comparing growth in median property values or capital gain over the last 12 months. Surry Hills is one of 3162 in our list for NSW
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.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Surry Hills, 2010. Typically our figures indicate that -1.25% is being offered, which puts this NSW suburb at 3710th most discounted overall in Australia.
In the last year 104 properties changed hands in Surry Hills, which puts it as the 266th most active market in NSW when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $10200 per annum or $850 every week.
Investment property in Surry Hills has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.34%
Taking the average capital gain, or increase in median house value, Surry Hills,2010 has racked up an average of 0.34% over the period. This ranks it number 246th in the whole country for real estate investors looking at median house price increases.
Surry Hills2010 is located in NSW which offers an average discount of -4.38% to property investors. Surry Hills itself is showing figures that indicate -3.08% is the average achievable by property buyers investing in the suburb.
The NSW suburb of Surry Hills, 2010 is in the Sydney local government area.
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.