NSW has seen average median house prices change by 7.28% which means that Surry Hills, 2010 has done well for property investors by showing a capital gain of 11.15% over the last year
Taking the average capital gain, or increase in median house value, Surry Hills,2010 has racked up an average of 11.15% over the period. This ranks it number 195th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Surry Hills 2010 should be seeing an average reduction in asking price of around -2.72% . This means that Surry Hills is holding prices well when compared to other suburbs in NSW.
Using the current median advertised rental of $850 and the average annual increase in value of a median property of 9.84%, investors should hope to achieve an overall return of 2.71%
Surry Hills has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -0.33% to date .
Taking the average capital gain, or increase in median house value, Surry Hills,2010 has racked up an average of -0.33% over the period. This ranks it number 355th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Surry Hills is giving property investors an average Vendor Discount of around -3.65%. This puts suburb at number 316th in NSW when ranking the most discounted suburbs.
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.