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 11.41%.
Surry Hills,2010 has offered an average of 11.41% return per annum in house price rises to property investors over the last three years.
Surry Hills, 2010 is offering NSW ‘s 1188th 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.
Property investors should expect to get $850 weekly from the median priced house in this suburb.
Property investors who have had real estate in Surry Hills, 2010 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.52%
If we look at median property appreciation over just the last three months, Surry Hills has given property investors a paper return of -3.92%. This puts Suburb as 490 on a list of fastest fasting appreciating suburbs in NSW
Sellers are offering property buyers an average discount of -3.06% to buyers in Surry Hills at the moment, which is less than average for the rest of NSW.
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.