Surrey Hills is in the bottom 40% in VIC when comparing median price capital growth over the last year. Surrey Hills gave property investors a disappointing capital gain figure when compared to the rest of the state, with 4.62%.
When looking at the potential capital gains offered to property investors over the last 3 years, Surrey Hills comes in at number 107th in VIC.
LACK OF BUYER INTEREST may well be the reason that Surrey Hills is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 547th in terms of most discounted suburbs in VIC
On average over the past year, suburb has had 12.00 sales per month, which equates to 144 per year.
A $650 per week rent on the median house gives suburb investors a gross yield of circa 1.88%, without taking into account capital value appreciation, which has been averaging out at 10.34%.
Property investors who have had real estate in Surrey Hills, 3127 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.02%
Comparing Surrey Hills,3127 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Surrey Hills, 3127. Typically our figures indicate that -1.60% is being offered, which puts this VIC suburb at 1444th most discounted overall in Australia.