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%.