How does Surry Hills shape up for investment?
Surry Hills is one of Sydney’s most artistically vibrant neighbourhoods, with historic architecture and a creative centre where design, music, wine, food and fashion come together in the most cohesive manner. With its beautiful and buzzing central location, Surry Hills is home to many professionals and creatives, and full of amazing cafes, restaurants, bars, art galleries, boutique markets, bustling culture and great investment opportunities.
Terraces are the most predominant type of housing in Surry Hills and they are all so unique, full of originality and a range of features, with varying degrees of dedication to historical decoration. The area is filled with premium supermarkets, tree lined streets, excellent facilities and great schooling options, making it a fantastic option for an investor.
The median age of the people in Surry Hills is 33 years of age and 43.3% are established professionals.
The median sales price for houses in Surry Hills in the last year was $1,290,000 based on 133 home sales, and the median sales prices for units in the last year was $725,000. Comparing this to the figures five years ago, the median house sales price increased by 53.9% which equates to an impressive compound annual growth rate of 9.0%.
Houses in Surry Hills have a median rent of $825 per week, and units have a median rent of $560 per week.
With its beautiful terraces and units, a culture filled lifestyle and only minutes to the city, Surry Hills is in high demand.
If you’re seeking to establish, grow, or maintain your property portfolio, Surry Hills is a great area to consider. Contact us to find the right property for your needs.
