Over the last year, property investments in Surry Hills, 2010 have given investors a capital gain of 11.03%. This compares favourably with the 6.38% for NSW as a whole.
Surry Hills,2010 has offered an average of 11.03% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Surry Hills is giving property investors an average Vendor Discount of around -3.19%. This puts suburb at number 1110th in NSW when ranking the most discounted suburbs.
In the last year 90 properties changed hands in Surry Hills, which puts it as the 322th most active market in NSW when comparing the number of sales per suburb.
NSW has seen average median house prices change by 5.59% which means that Surry Hills, 2010 has done well for property investors by showing a capital gain of -0.59% over the last year
If we look at median property appreciation over just the last three months, Surry Hills has given property investors a paper return of 2.88%. This puts Suburb as 174 on a list of fastest fasting appreciating suburbs in NSW
Vendor discounting in Surry Hills is giving property investors an average Vendor Discount of around -3.56%. This puts suburb at number 337th 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.