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Surrey Hills
AREA REPORTS

Surrey Hills

Surrey Hills - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3127

house
unit

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 $2,290,000.

The upward trend in home prices in SURREY HILLS, 3127 averaged 8.32% per annum over a 3-year period.

Average weekly rents on listings have reached the $720 mark, reflecting a 1.63% increase in returns based on the current median price in SURREY HILLS.

An average of 14.33 real estate transactions take place per month in SURREY HILLS which translates to 172 per annum.

172 properties were sold in SURREY HILLS in 2016, making it the 547th most active market in VIC based on total real estate transactions.

SURREY HILLS, 3127 places 372nd in Australia based on median property value growth during the quarter.

Data report can be found below

Surrey Hills
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,290,000 $908,000
GROWTH REPORT
Median Quarterly 3.85% 0.22%
Median 12 month 21.81% 9.2%
Median 3 years 24.97% 17.92%
Median 5 years 29.56% 26.9%
10 years average annual 7.39% 4.69%
Weekly media advert. rent $720 $450
Time on Market 64.5 days 48.9 days
Gross Rental Yield Percent 1.63% 2.58%
demographics (median values)*
Total Population
18445
Weekly Household Income
2192
Household Size
2.70
Age
40
Monthly Loan Repayment
2500
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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