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Surry Hills

POSTAL CODE: NSW, 2010
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SURRY HILLS ranks 451st in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 8.28% for the past year is higher than average compared to its 37.6% growth within a five-year period.

Also in SURRY HILLS, the median home price is sitting at $2,490,500, and the average rent at $1295, this suggests property owners could potentially earn a 2.7% increase in gross rental yield.

Property investors have seen a 1.03% gain in SURRY HILLS based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 6% growth over a ten-year period. It ranks 2701st on our list of suburbs that property investors should look into.

Surburb overview

Surry Hills, NSW 2010, is a trendy inner-city suburb just 2 kilometres south of Sydney’s central business district. Known for its eclectic mix of Victorian terraces, modern apartments, and vibrant culture, Surry Hills has become a popular destination for young professionals, families, and creatives. With a population of around 17,000, the suburb is characterised by its lively atmosphere and diverse community, with notable ethnic groups including English (20.9%), Australian (12%), and Irish (9.1%).

The suburb offers excellent public transport connectivity, with Central Station providing easy access to other parts of Sydney. Surry Hills is renowned for its café and restaurant scene, featuring various dining options along Crown Street and surrounding areas. This vibrant dining culture is complemented by boutique stores, bookstores, and creative spaces that attract visitors across Sydney.

Surry Hills has several green spaces, like Prince Alfred Park and its state-of-the-art swimming pool. The suburb is known for hosting community events like the Surry Hills Markets and the annual Surry Hills Festival, which draws large crowds yearly. Its proximity to cultural hubs like the Belvoir Street Theatre makes it a central part of Sydney’s arts scene.

Despite its gentrification, Surry Hills retains some of its gritty charm. It has ongoing social issues such as homelessness and higher crime rates than other suburbs. However, the area remains highly desirable for those seeking a dynamic urban lifestyle.

 

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