Suburb Profile Report for Surrey Hills VIC (3127)

Surrey Hills House: Median price $1,850,000, Annual capital growth 8.20%, Number of sales 156, Weekly median advertised rent $700

Surrey Hills Unit: Median price $820,000, Annual capital growth 7.24%, Number of sales 88, Weekly median advertised rent $430

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1949th in the list of Australian suburbs ordered by increase in median house value over the last year, Surrey Hills, 3127 is in the top half with a property value increase of 7.50% recorded in median house prices.

While Surrey Hills,3127 ranked number 526th in VIC for increase in median house value (annualised) increase, it is ranked 178th over the last 5 years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.26% offered to property buyers. Sellers in Surrey Hills itself are offering an average vendor discount of -5.61% to real estate investors.

Residents and property investors in Surrey Hills have been waiting around 84.05 days to sell a property.

Giving property investors a a stable capital gain of 13.06% for the last year, Surrey Hills, 3127 is the 361th highest performer in Australia in this respect.

Surrey Hills,3127 has offered an average of 13.06% return per annum in house price rises to property investors over the last three years.

A $430 per week rent on the median house gives suburb investors a gross yield of circa 2.73%, without taking into account capital value appreciation, which has been averaging out at 7.24%.

Metrics i HOUSE UNIT
$1,850,000 $820,000
0.00% 3.78%
7.50% 13.06%
8.20% 7.24%
$700 $430
156 88
1.97% 2.73%
84.05 40.08

Source: CoreLogic

DSR Score for property investment : Very 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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