Suburb Profile Report for Surrey Hills VIC (3127)

Surrey Hills House: Median price $1,738,000, Annual capital growth 7.34%, Number of sales 126, Weekly median advertised rent $785

Surrey Hills Unit: Median price $725,000, Annual capital growth 3.73%, Number of sales 63, Weekly median advertised rent $465

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

With a capital gain of -16.32% for the last 12 months, Surrey Hills, 3127 has performed for property investments than its average annual 7.34% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, Surrey Hills has given property investors a paper return of -4.24%. This puts Suburb as 625 on a list of fastest fasting appreciating suburbs in VIC

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.82% offered to property buyers. Sellers in Surrey Hills itself are offering an average vendor discount of -6.93% to real estate investors.

At number 1308 in a list of fastest selling suburbs, Surrey Hills is in the TOP 40% of suburbs in Australia with an average of days on market 67.5692 for properties listed there.

Renters in Suburb are facing rents around $40820 per annum or $785 every week.

Investment property in Surrey Hills has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -9.38%

A 13.73% growth in median value for property investors in Surrey Hills,3127 puts this suburb at number 269th in terms of best performing suburbs in VIC

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 -6.37% is being offered, which puts this VIC suburb at 537th most discounted overall in Australia.

In the last year 63 properties changed hands in Surrey Hills, which puts it as the 90th most active market in VIC when comparing the number of sales per suburb.

Advertised rents are around the $465 mark per week – giving a return of 3.34% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,738,000 $725,000
-4.24% -3.27%
-16.32% -9.38%
7.34% 3.73%
$785 $465
126 63
2.35% 3.34%
67.5692307692308 70.0625

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Surrey Hills VIC
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
Chart Table