Surrey Hills is a well-established suburb in Victoria within the Boroondara local government area (postcode 3127). With a population of 13,655, the suburb has an established demographic with a median age of 42. Households earn a median income of $130K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Surrey Hills is $2.3 million, having declined 5.5% over the past year. Units have a median price of $870,000 (-4% YoY). The current median weekly rent is $565. This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $3,000.
Surrey Hills is served by 4 schools, including 4 primary. The average ICSEA score is 1159, which is well above the national average of 1,000. Public transport access includes 3 rail stations, 47 bus stops. The crime rate in the Boroondara LGA is moderate at 5,549 incidents per 100,000 population.
From an investment perspective, Surrey Hills offers a gross rental yield of 1.3%, rated as low yield. Property prices are above the state median ($2.3M/$875K), placing it in the premium segment. The price-to-income ratio of 17.4x is considered stretched. House prices have moved -5.5% year-on-year.
Surrey Hills is a well-established suburb in Victoria within the Boroondara local government area (postcode 3127). With a population of 13,655, the suburb has an established demographic with a median age of 42. Households earn a median income of $130K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Surrey Hills is $2.3 million, having declined 5.5% over the past year. Units have a median price of $870,000 (-4% YoY). The current median weekly rent is $565. This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $3,000.
Surrey Hills is served by 4 schools, including 4 primary. The average ICSEA score is 1159, which is well above the national average of 1,000. Public transport access includes 3 rail stations, 47 bus stops. The crime rate in the Boroondara LGA is moderate at 5,549 incidents per 100,000 population.
From an investment perspective, Surrey Hills offers a gross rental yield of 1.3%, rated as low yield. Property prices are above the state median ($2.3M/$875K), placing it in the premium segment. The price-to-income ratio of 17.4x is considered stretched. House prices have moved -5.5% year-on-year.