Suburb Profile Report for Surrey Hills VIC (3127)

Surrey Hills House: Median price $1,881,000, Annual capital growth 6.31%, Number of sales 126, Weekly median advertised rent $760

Surrey Hills Unit: Median price $756,000, Annual capital growth 3.39%, Number of sales 79, Weekly median advertised rent $480

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Surrey Hills has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 1.68% to date .

Across a shorter period, Surrey Hills, 3127 has seen a median price increase of 5.08% over the last quarter.

Property investors looking for a bargain in Surrey Hills should be aiming for at least -9.10% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Surrey Hills have been waiting around 67.3393 days to sell a property.

Using the current median advertised rental of $760 and the average annual increase in value of a median property of 6.31%, investors should hope to achieve an overall return of 2.10%

If you compare the increase in value of investment property in Surrey Hills, 3127 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 2.44%.

Across a shorter period, Surrey Hills, 3127 has seen a median price increase of 0.80% over the last quarter.

Property buyers and investors in Surrey Hills 3127 should be seeing an average reduction in asking price of around -6.38% . This means that Surrey Hills is holding prices well when compared to other suburbs in VIC.

Renters in Suburb are facing rents around $24960 per annum or $480 every week.

Metrics i HOUSE UNIT
$1,881,000 $756,000
5.08% 0.80%
1.68% 2.44%
6.31% 3.39%
$760 $480
126 79
2.10% 3.30%
67.3392857142857 70.5333333333333

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Good (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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