Suburb Profile
Surrey Hills - FREE SUBURB PROFILE REPORT POSTAL CODE: VIC,3127
SURREY HILLS, 3127 ranks 615th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 18% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also 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 $2,094,444.
The upward trend in home prices in SURREY HILLS, 3127 averaged 15.66% per annum over a 3-year period.
Average weekly rents on listings have reached the $695 mark, reflecting a 1.73% increase in returns based on the current median price in SURREY HILLS.
An average of 11.75 real estate transactions take place per month in SURREY HILLS which translates to 141 per annum.
141 properties were sold in SURREY HILLS in 2016, making it the 578th most active market in VIC based on total real estate transactions.
SURREY HILLS, 3127 places 57th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,094,444 | $840,000 |
| GROWTH REPORT | ||
| Median Quarterly | 8.52% | 5% |
| Median 12 month | 18% | 17.32% |
| Median 3 years | 46.98% | 34.4% |
| Median 5 years | 87.84% | 45.46% |
| 10 years average annual | 8.14% | 6.31% |
| Weekly media advert. rent | $695 | $440 |
| Time on Market | 68.4 days | 56.2 days |
| Gross Rental Yield Percent | 1.73% | 2.72% |
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