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.