Over the last year, property investments in Surry Hills, 2010 have given investors a capital gain of 14.40%. This compares averagely with the 13.00% for NSW as a whole.
Surry Hills,2010 was ranked 1872 in Australia by increase in median property value over the quarter.
The most recent median price for Surry Hills is $1450000, with sellers offering an average of -3.42% off the asking price.
Often selling an investment property can take time, and in Surry Hills the average time real estate has been on the market is 53.46 days.
Property investors who have had real estate in Surry Hills, 2010 should be relatively pleased 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 14.07%
Surry Hills,2010 was ranked 840 in Australia by increase in median property value over the quarter.
Vendor discounting in Surry Hills is giving property investors an average Vendor Discount of around -2.90%. This puts suburb at number 352th in NSW when ranking the most discounted suburbs.
A $600 per week rent on the median house gives suburb investors a gross yield of circa 4.05%, without taking into account capital value appreciation, which has been averaging out at 7.53%.
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.