Surry Hills NSW 2010: Property Market Report & Real Estate Insights

Part of Sydney, NSW

Surry Hills Real Estate Market Outlook

Thinking about buying in Surry Hills? Now could not be a better time, with 20150 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,465,000 with prices in this suburb ranging from $19,000 to $102,824,000. Surry Hills is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Living in Surry Hills

Consistent high demand relative to supply is a key feature in Surry Hills driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Surry Hills ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Surry Hills classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Surry Hills requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

Surry Hills is a suburb in central Sydney, New South Wales. Surrounded by suburbs such as Chippendale and Paddington, Surry Hills is a culturally diverse and heavily developed suburb full of commerce and activity. Populated by Europeans since the 1790s, Surry Hills is an eclectic mixture of primarily residential and commercial districts of varying densities. Boasting a wide range of restaurants, cafes and other food outlets, as well as a number of retail outlets, Surry Hills is widely considered the centre of fashion retail in central Sydney, as well as being a major hub for entertainment. Surry Hills features a great deal of stunning Victorian architecture in the form of historical terraced houses that lace through much of the suburb.

Located immediately to the south east of Sydney’s Central Business District, Surry Hills has recently seen a great deal of gentrification as wealthy residents have moved in due to the proximity to the heart of the city. The character and diversity of the municipality is also a big draw for many, with Surry Hills being considered a hub for the LGBTQ+ community, as well as a centre for Portuguese culture in Sydney. Well serviced by a number of schools and other public amenities, Surry Hills is a conveniently located and rapidly growing suburb filled with opportunity.

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