Suburb Profile Report for Surrey Hills VIC (3127)

Surrey Hills House: Median price $1,850,000, Annual capital growth 8.53%, Number of sales 157, Weekly median advertised rent $700

Surrey Hills Unit: Median price $800,000, Annual capital growth 6.84%, Number of sales 84, 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 30% 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 5.41%.

When looking at the potential capital gains offered to property investors over the last 3 years, Surrey Hills comes in at number 270th in VIC.

Surrey Hills3127 is located in VIC which offers an average discount of -5.41% to property investors. Surrey Hills itself is showing figures that indicate -5.61% is the average achievable by property buyers investing in the suburb.

Residents and property investors in Surrey Hills have been waiting around 85.45 days to sell a property.

Renters in Suburb are facing rents around $8400 per annum or $700 every week.

Giving property investors a a stable capital gain of 6.67% for the last year, Surrey Hills, 3127 is the 656th highest performer in Australia in this respect.

Across a shorter period, Surrey Hills, 3127 has seen a median price increase of 4.51% over the last quarter.

Using the current median advertised rental of $420 and the average annual increase in value of a median property of 6.84%, investors should hope to achieve an overall return of 2.73%

Metrics i HOUSE UNIT
$1,850,000 $800,000
0.82% 4.51%
5.41% 6.67%
8.53% 6.84%
$700 $420
157 84
1.97% 2.73%
85.45 47.45

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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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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