At number 1538th in the list of Australian suburbs ordered by increase in median house value over the last year, Surry Hills, 2010 is in the top 40% with a property value increase of 9.44% recorded in median house prices.
A 86.48% growth in median value for property investors in Surry Hills,2010 puts this suburb at number 1160th in terms of best performing suburbs in NSW
Surry Hills2010 is located in NSW which offers an average discount of -5.28% to property investors. Surry Hills itself is showing figures that indicate -1.51% is the average achievable by property buyers investing in the suburb.
Surry Hills is an average performer in NSW when comparing median price capital growth over the last year. Surry Hills gave property investors a average capital gain figure when compared to the rest of the state, with 8.67%.
Comparing Surry Hills,2010 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 256th of NSW’s most discounted properties, Surry Hills is in the middle of the state/territory when listing in order of most discounted to least.
A $625 per week rent on the median house gives suburb investors a gross yield of circa 3.99%, without taking into account capital value appreciation, which has been averaging out at 8.87%.
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.