Over the last year, property investments in Surry Hills, 2010 have given investors a capital gain of 12.55%. This compares favourably with the 8.99% for NSW as a whole.
Surry Hills,2010 has offered an average of 12.55% return per annum in house price rises to property investors over the last three years.
The most recent median price for Surry Hills is $1525000, with sellers offering an average of -1.67% off the asking price.
On average over the past year, suburb has had 7.92 sales per month, which equates to 95 per year.
Renters in Suburb are facing rents around $10200 per annum or $850 every week.
Giving property investors a an average capital gain of 2.74% for the last year, Surry Hills, 2010 is the 958th highest performer in Australia in this respect.
Comparing Surry Hills,2010 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Surry Hills, 2010 is offering NSW ‘s 428th 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.
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.