Suburb Profile Report for Surrey Hills VIC (3127)

Surrey Hills House: Median price $1,790,575, Annual capital growth 9.55%, Number of sales 140, Weekly median advertised rent $695

Surrey Hills Unit: Median price $760,000, Annual capital growth 7.03%, 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

Over the last year, property investments in Surrey Hills, 3127 have given investors a capital gain of 0.40%. This compares very badly with the 8.96% for VIC as a whole.

Over the longer term, Surrey Hills has seen property prices show investors a 35.34% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of 0.00% to buyers in Surrey Hills at the moment, which is less than average for the rest of VIC.

In the last year 140 properties changed hands in Surrey Hills, which puts it as the 185th most active market in VIC when comparing the number of sales per suburb.

Giving property investors a an unimpressive capital gain of 0.00% for the last year, Surrey Hills, 3127 is the 1090th highest performer in Australia in this respect.

Across a shorter period, Surrey Hills, 3127 has seen a median price increase of 5.56% over the last quarter.

Property investors looking for a bargain in Surrey Hills should be aiming for at least -3.20% off the asking price, which is the average vendor discount being achieved at the moment.

The VIC suburb of Surrey Hills, 3127 is in the Whitehorse local government area.

Metrics i HOUSE UNIT
$1,790,575 $760,000
1.16% 5.56%
0.40% 0.00%
9.55% 7.03%
$695 $420
140 80
2.02% 2.87%
62.8 45.23

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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