If you compare the increase in value of investment property in Surrey Hills, 3127 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 3.76%.
Across a shorter period, Surrey Hills, 3127 has seen a median price increase of 3.91% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Surrey Hills is offering property investors an average of -6.03. This rate of discount on properties puts Suburb at number 549th in terms of most discounted suburbs in VIC
With the median price for a house in Surrey Hills being $1795000 and the advertised rent reaching $655 the gross rental yield for property investors calculates out to be 1.90%
Property value increases in Surrey Hills have tracked just lower than the VIC average of 3.11% over the last 12 months.
While Surrey Hills,3127 ranked number 257th in VIC for increase in median house value (annualised) increase, it is ranked 35th over the last 5 years.
Property buyers and investors in Surrey Hills 3127 should be seeing an average reduction in asking price of around -3.20% . This means that Surrey Hills is holding prices well when compared to other suburbs in VIC.
Surrey Hills is 357th on a list of best yielding suburbs for rents in VIC with a 2.82% return