Property investors who have had real estate in Surry Hills, 2010 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.04%
A 84.07% growth in median value for property investors in Surry Hills,2010 puts this suburb at number 1241th in terms of best performing suburbs in NSW
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 Surry Hills itself are offering an average vendor discount of -3.11% to real estate investors.
The NSW suburb of Surry Hills, 2010 is in the Sydney local government area.
Surry Hills has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 12.21% to date .
A 66.67% growth in median value for property investors in Surry Hills,2010 puts this suburb at number 144th in terms of best performing suburbs in NSW
Surry Hills, 2010 is offering NSW ‘s 90th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.
Surry Hills, 2010’s gross rental yield is 3.98%
Sydney’s answer to Melbourne’s cafes and restaurants district, Surry Hills is a trendy suburb experiencing a massive surge in values.Full summary
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Sydney’s answer to Melbourne’s cafes and restaurants district, Surry Hills is a trendy suburb experiencing a massive surge in values.Close
Just 2km from the CBD, the suburb is teeming with cafes, bars and coffee shops.
It also boasts some of Sydney’s best nightlife.
Surry Hills is hip, young and one of the best places to find a small apartment.
Its proximity to the University of Sydney campus and Central Station (a short walk) makes it a highly sought after area to live in.
As such, demand from homebuyers and investors has been exceedingly strong during the past three years.
Since December 2012, median unit values have surged by a total of 33.3% to $753,000, according to OnTheHouse.com.au stats.
However, this strong growth is unlikely to continue due to affordability constraints.
OnTheHouse.com.au predicts no growth for units over the next eight years.