Surry Hills has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 16.55% to date .
Comparing Surry Hills,2010 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Surry Hills is giving property investors an average Vendor Discount of around -2.97%. This puts suburb at number 1125th in NSW when ranking the most discounted suburbs.
Advertised rents are around the $875 mark per week – giving a return of 2.69% based on the median price in Suburb
Surry Hills, 2010 ranked 180th in NSW when comparing growth in median property values or capital gain over the last 12 months. Surry Hills is one of 3163 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.
Vendor discounting in Surry Hills is giving property investors an average Vendor Discount of around -2.19%. This puts suburb at number 423th in NSW when ranking the most discounted suburbs.
In the last year 270 properties changed hands in Surry Hills, which puts it as the 32th most active market in NSW when comparing the number of sales per suburb.
Situated 1.72km from the CBD, Surry Hills is one of Sydney localities in the postcode 2010.
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.