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Surry Hills, NSW 2010
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$2,480,000
market range $2.4M-$2.7M
Median Unit
$860,000
market range $725K-$1.4M
Gross Yield (houses)
2.8%
1yr Growth (houses)
+4.2%
market range -7.5% to +10.0%
Investment snapshot for Surry Hills
Surry Hills has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Surry Hills market and investor summary
Surry Hills (NSW 2010) runs a median house price of $2.5M, with houses yielding a gross 2.8%. House prices have moved +4.2% over the past year and +5.7% over three years. At 1.5% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.8% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.5% and a resident base that is not shrinking.
Living in Surry Hills: people, income and schools
About 15,828 people live in Surry Hills, a number that has held fairly steady over five years. The median age is 35, broadly working-age, with renters making up 65% of households. That renter share gives landlords a deep tenant pool to draw on through the year.
Households here earn a median of about $120,000 a year, or roughly $2,310 a week. On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 20.7 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 26% over five years, which tends to underpin what local buyers can pay.
There are 126 schools within about 5km, and they test well above the national school average on ICSEA, a draw for education-focused families. It is roughly 1.7 km from the CBD. It is fairly car-dependent; the suburb scores 37 for walkability and 100 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Basement (vectored or non-vectored).
- Population
- 15,828
- +0% over 5yr
- Median age
- 35 years
- Median household income
- $120,000/yr
- Households renting
- 65%
- Family households
- 41%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 126
- avg ICSEA 1108
- Unemployment
- 4.8%
- Distance to CBD
- 1.7 km
- Walk score
- 37/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Surry Hills
View all →Frequently asked questions about Surry Hills
What should I check before investing in Surry Hills?
Surry Hills has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.8% gives a usable rent-to-price starting point. Capital growth of +4.2% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Surry Hills?
The median property price in Surry Hills, NSW 2010 is $2.5M for houses and $860K for units.
What rental yield does Surry Hills show?
The gross rental yield in Surry Hills is 2.8% for houses and 4.8% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Surry Hills?
House prices in Surry Hills are up 4.2% over the past year and up 5.7% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Surry Hills?
The current vacancy rate in Surry Hills is 1.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Surry Hills?
Surry Hills has a population of approximately 15,828 residents, with a median age of 35.
What schools are near Surry Hills?
There are 126 schools within roughly 5km of Surry Hills. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Surry Hills affordable to buy in?
A median house in Surry Hills costs about 20.7 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Surry Hills's population growing?
The population of Surry Hills has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Surry Hills from the CBD?
Surry Hills is about 1.7 km from the CBD.
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