SURRY HILLS ranks 894th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 0.61% for the past year is lower than average compared to its 78.86% growth within a five-year period.
Also in SURRY HILLS, the median home price is sitting at $1,650,000, and the average rent at $900, this suggests property owners could potentially earn a 2.84% increase in gross rental yield.
Property investors have seen a -1.14% drop in SURRY HILLS based on a decrease 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 7.63% growth over a ten-year period. It ranks 702nd on our list of suburbs that property investors should look into.
A steady increase in median property prices over a five-year period in SURRY HILLS, 2010 translates to a 20.07% capital gain.
SURRY HILLS, 2010 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $849,500.
Augmented property values in SURRY HILLS are trailing above the NSW average of 6.64% for the past year.
Real estate investors could earn a rental income of $650 based on current median home prices for the suburb.
Home owners selling their properties and realtors in SURRY HILLS usually have to wait an average of 52.0 days days before their assets are lifted off the market.
SURRY HILLS ranks 287th on the list of best yielding suburbs for rental properties in NSW, posting a 3.98% return.
SURRY HILLS, 2010 places 261st in Australia based on median property value growth during the quarter.