Suburb Profile Report for Surrey Hills VIC (3127)

Surrey Hills House: Median price $1,770,000, Annual capital growth 9.68%, Number of sales 148, Weekly median advertised rent $695

Surrey Hills Unit: Median price $736,000, Annual capital growth 7.12%, Number of sales 80, Weekly median advertised rent $420

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Surrey Hills is in the bottom 20% in VIC when comparing median price capital growth over the last year. Surrey Hills gave property investors a dismal capital gain figure when compared to the rest of the state, with 1.14%.

If we look at median property appreciation over just the last three months, Surrey Hills has given property investors a paper return of 0.00%. This puts Suburb as 494 on a list of fastest fasting appreciating suburbs in VIC

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.91% offered to property buyers. Sellers in Surrey Hills itself are offering an average vendor discount of -1.81% to real estate investors.

Situated 11.95km from the CBD, Surrey Hills is one of Whitehorse localities in the postcode 3127.

Over the last year, property investments in Surrey Hills, 3127 have given investors a capital gain of -3.16%. This compares badly with the 3.49% for VIC as a whole.

Across a shorter period, Surrey Hills, 3127 has seen a median price increase of -3.16% over the last quarter.

Sellers are offering property buyers an average discount of -3.20% to buyers in Surrey Hills at the moment, which is less than average for the rest of VIC.

Advertised rents are around the $420 mark per week – giving a return of 2.97% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,770,000 $736,000
0.00% -3.16%
1.14% -3.16%
9.68% 7.12%
$695 $420
148 80
2.04% 2.97%
62.86 43.85

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
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Demographics
Total population 13132
Median household income ($/weekly) 2034
Median age of persons 39
Median housing loan repayment ($/monthly) 2167
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1784 13.6
    25-34 years 1376 10.5
    35-44 years 1808 13.8
    45-54 years 2053 15.6
    55-64 years 1709 13.0
    Others 4402 33.5
    Age Group
    Census Count Percent(%)
    Registered Married 5262 54.0
    Not Married 3895 39.9
    Defacto Relationship 594 6.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 9801 77.3
    Croatia 379 3.0
    Papua New Guinea 213 1.7
    United Kingdom 571 4.5
    Other 353 2.8
    Others 1360 10.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 264 2.2
    Christianity 7654 63.5
    Hinduism 164 1.4
    Other Religious Groups 72 0.6
    No Religion 3835 31.8
    Others 67 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 401 9.8
    $2,000-$2,499 335 8.2
    $2,500-$2,999 598 14.6
    $3,000-$3,499 434 10.6
    $4,000 or more 465 11.4
    Others 1850 45.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4046 39.5
    Not in the labour force 3122 30.5
    Employed, worked part-time 2406 23.5
    Employed, away from work 348 3.4
    Unemployed, looking for work 318 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 1176 17.3
    Professionals 2620 38.5
    Community & personal service workers 524 7.7
    Clerical & administrative workers 1013 14.9
    Sales 651 9.6
    Others 817 12.0
    Occupation
    Census Count Percent(%)
    Pre-school 291 7.5
    Infants/Primary 1216 31.3
    Secondary 1009 25.9
    Technical or Further Educational Institution 229 5.9
    University or other Tertiary Institutions 1053 27.1
    Others 92 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9441 76.3
    Semi-detached, row or terrace house, townhouse 2267 18.3
    Flat, unit or apartment 616 5.0
    House or flat attached to a shop, office 54 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1918 42.3
    Being purchased 1584 35.0
    Rented 1001 22.1
    Other tenure type 27 0.6
    Tenure Type
Census 2011, ABS
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