Surry Hills (postcode 2010) is a settled mid-to-large suburb in New South Wales within the Sydney local government area. It is home to about 15,828 residents, with a blend of families and working-age professionals and a median age of 35. Households earn a median income of $120K per year, with an average household size of 1.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and finance & insurance. The top ancestries reported are English, Australian, Irish.
Median house prices in Surry Hills stand at $2.5 million, having increased by 4.3% over the last twelve months. Units have a median price of $851,000 (-9.2% YoY). The current median weekly rent is $850. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,839.
Surry Hills is served by 5 schools, including 3 primary, 2 secondary. The average ICSEA score is 1128, which is well above the national average of 1,000. Public transport access includes 1 tram stop, 28 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Sydney LGA is moderate at 7,608 incidents per 100,000 population.
From an investment perspective, Surry Hills shows a gross rental yield of approximately 1.8%, rated as low yield. Property prices are above the state median ($2.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 21.0x is considered stretched. House prices have moved +4.3% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.