Suburb Profile Report for Surrey Hills VIC (3127)

Surrey Hills House: Median price $1,800,000, Annual capital growth 10.34%, Number of sales 144, Weekly median advertised rent $650

Surrey Hills Unit: Median price $770,250, Annual capital growth 7.83%, Number of sales 78, Weekly median advertised rent $410

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$1,800,000 $770,250
4.35% 5.44%
4.62% 1.02%
10.34% 7.83%
$650 $410
144 78
1.88% 2.77%
58.89 48.75

Source: CoreLogic

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