Real Estate Surry Hills NSW 2010

Surry Hills: Vibrant, Creative, Unique, Popular

Housing Market in Surry Hills

Key Surry Hills Metrics & Forecast to 2028

Sources: Property Listings, TORREN and Microburbs, 2002 - 2023

Field	Value	VS Sydney	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$1,200	Top 2%	166% to Nov 2024
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Surry Hills

Surry Hills Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS, BASIX and Microburbs, 2002 - 2031

Field	Value	VS Sydney	Trend
Development applications	218	Top 14%	86% to Nov 2024
Developments	1.0	Bottom 33%	Data for Jul 2023
Housing Stock Quality Indicator	94.4	Top 1%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
New Dwellings	6	Bottom 43%	53% to Dec 2020
Number of Subdivisions	2 lots	Bottom 12%	Data for Nov 2022
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Proportion of subdividable properties	Premium	Premium	Premium
Stock on Market	61	Top 1%	771% to Nov 2024

Housing Stock Quality in Surry Hills

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings, BASIX and Microburbs, 2006 - 2023

Field	Value	VS Sydney	Trend
Houses	1.1%	Bottom 0%	21% to Jan 2021
Average bedrooms - all homes	1.8	Bottom 9%	Data for Jan 2021
NBN connection: fibreoptic cable to node	11.4%	Top 15%	Data for Jun 2023
Median land to asset ratio	Premium	Premium	Premium

Development Restrictions in Surry Hills

Surry Hills Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Field	Value	VS Sydney	Trend
Total area	1.5 sq km	Bottom 15%	Data for Jan 2021
Average floor space ratio (zoning)	2.30	Top 2%	Data for Feb 2023
Environmental conservation area proportion	0.0%	Bottom 31%	Data for Jun 2023
Heritage sites	272	Top 1%	Data for Jun 2023
Residential density	71 sqm per resident	Bottom 0%	Data for Jan 2021

Risk in Surry Hills

Surry Hills Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Field	Value	VS Sydney	Trend
% Owner Occupied	50.7%	Bottom 1%	1% to May 2023
% Rentals	49.3%	Top 1%	1% to May 2023
Housing Affordability Index	65	Top 4%	Data for Jun 2023
Median monthly mortgage	$2,310	Top 30%	2% to May 2023
Rent Affordability Index (Houses)	68	Bottom 8%	Data for Jun 2023
Rent Affordability Index (Units)	68	Bottom 16%	Data for Jun 2023
Mortgage as a percent of income	28.3%	Top 20%	5% to Jan 2021
Mortgaged Dwellings	19.7%	Bottom 7%	6% to May 2023

Housing Demand in Surry Hills

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 1975 - 2030

Field	Value	VS Sydney	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	22100	Top 14%	58% to Dec 2041
Historical Population (SA3)	238000	Top 1%	78% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	212000	Top 4%	2% to Jan 2021
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

Unit Market in Surry Hills

Surry Hills Unit Investor Report

Sample Graphic

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Sydney	Trend
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$795	Top 2%	137% to Nov 2024
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	49.1%	Bottom 9%	38% to Nov 2024

LGA Details (1)

Headline	Place	Datetime
Local government area	Sydney

Median Unit Sale Prices by Street (100)

Date	Median sale value	Street
10 May 2024	$1,290,000	Hutchinson St
10 May 2024	$920,000	Jesmond St
10 May 2024	$1,375,000	Kippax St
10 May 2024	$1,500,000	Nobbs St
10 May 2024	$1,300,000	Nickson St

Businesses (100)

Name	Address
Hill Thalis Architecture & Urban Projects Pty Ltd	level 4/68-72 Wentworth Ave, Surry Hills NSW 2010, Australia
TC Build Pty Ltd	Suite 25/151 Foveaux St, Surry Hills NSW 2010, Australia
MONUMENT PROJECTS	2/23 Foster St, Surry Hills NSW 2010, Australia
SMLXL Projects (NSW)	Level 2/50-52 Cooper St, Surry Hills NSW 2010, Australia
Schiavello Construction	2/19 Foster St, Surry Hills NSW 2010, Australia

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
89.2%	Poplar St	high turnover	Every 11.2 years (high turnover)	2024
60.5%	Crown St	quite tightly held	Every 16.5 years (quite tightly held)	2024
58.1%	Goulburn St	quite tightly held	Every 17.2 years (quite tightly held)	2024
45.7%	Devonshire St	very tightly held	Every 21.9 years (very tightly held)	2024
73.9%	Buckingham St	average turnover	Every 13.5 years (average turnover)	2024

Accommodation Options (28)

Headline	Place	Datetime
57 Hotel	57 Foveaux St
Abey Hotel	208 Riley St
Adina Apartment Hotel Sydney Surry Hills	359 Crown St
Adina Apartment Hotel Sydney, Crown Street	359 Crown St
Belle Property Surry Hills	G 04 38-52 Waterloo St

Realtors (26)

Headline	Place	Datetime
6160Antiques	Inside Sydney Antique Centre, 531 South Dowling Street
City Residential Property, Surry Hills	Shop 7/285a Crown St
Cobden & Hayson Surry Hills	410 Crown St
Cura Property
Ecoproperty PTY Ltd.	5/61 Marlborough St

Median House Rental Prices by Street (100)

Street	Date	Median rent (per week)
Goodchap St	03 Oct 2024	$990
Goodlet St	03 Oct 2024	$1,295
High Holborn St	03 Oct 2024	$1,298
Griffin St	03 Oct 2024	$825
Foveaux St	03 Oct 2024	$885

Percent of Renters by Street (100)

Percent of Renters	Street
94.0%	Adelaide Pl
61.5%	Adelaide St
100.0%	Albion None
43.6%	Albion St
66.7%	Albion Way

Planning Applications: Other (83)

Headline	Place	Date
Change liquor licence condition - by licensee - on premises - NSW Independent Liquor and Gaming Authority 1-9286406575	277 Goulburn St, Surry Hills NSW 2010	15 Nov 2024
Use 8sqm of Mary Street for on-street outdoor dining in association with 'Goro's'. This is part of a shared space with 'Primos'. Proposed hours of use are between 3.00pm - 10.00pm, Monday to Sunday. This is a renewal of a previous approval. - City of Sydney FA/2024/526	84-86 Mary Street Surry Hills NSW 2010	13 Nov 2024
Renewal of outdoor dining on the roadway in association with the 'The Carrington Hotel'. The previously approved hours are between 12.00pm (midday) - 9.00pm on Monday to Sundays. - City of Sydney FA/2024/523	563-565 Bourke Street Surry Hills NSW 2010	13 Nov 2024
Increase trading hours (7am to 10pm daily) for an approved wellness centre. - City of Sydney D/2024/995	515-543 South Dowling Street Surry Hills NSW 2010	13 Nov 2024
Use 11.8 square metres on the reallocated roadway of Reservoir Street adjoining the ‘Royal Albert Hotel'. - City of Sydney FA/2024/524	140 Commonwealth Street Surry Hills NSW 2010	13 Nov 2024

Planning Applications: Dwellings (15)

Headline	Place	Date
Alterations to an existing dwelling including a first floor extension. - City of Sydney D/2024/989	120 Arthur Street Surry Hills NSW 2010	13 Nov 2024
Alterations and additions to rooftop terrace of residential apartment building. - City of Sydney D/2024/949	102-104 Albion Street Surry Hills NSW 2010	01 Nov 2024
Alterations and additions to attached dwelling, comprising two storey rear addition, rear roof extension, front dormer, internal alterations, and associated landscaping works. - City of Sydney D/2024/837	453 Crown Street Surry Hills NSW 2010	27 Sep 2024
Alterations and additions including the construction of a front dormer, rear roof extension and rear pavillion addition. - City of Sydney D/2024/811	68 Cooper Street Surry Hills NSW 2010	25 Sep 2024
Change of use of existing dwelling to a medical centre with associated alterations and additions. - City of Sydney D/2024/721	202 Commonwealth Street Surry Hills NSW 2010	24 Sep 2024

Planning Applications: Industrial (2)

Headline	Place	Date
Use 6.5 sqm of reallocated roadway on Bourke Street for outdoor dining in association with 'The Art Syndicate'. This is part of a shared space with 'The Factory Grind'. The proposed hours are 4.00pm - 11.00pm Monday to to Sunday. This is a new application. - City of Sydney FA/2024/367	344 Bourke Street Surry Hills NSW 2010	10 Oct 2024
Use 6.5 sqm of reallocated roadway on Bourke Street for outdoor dining in association with 'The Factory Grind'. This is part of a shared space with 'The Art Syndicate'.The proposed hours are 6:30am - 3:30pm Monday to Friday, and 7.00am - 3.30pm Saturday and Sunday. This is a new application. - City of Sydney FA/2024/363	344 Bourke Street Surry Hills NSW 2010	10 Oct 2024

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
179 Albion St	Price Withheld	4.0	2.0	0.0	13 Nov 2024	On Market
573 Riley St	$2,425,000	3.0	1.0	0.0	09 Nov 2024	On Market
1 Ann St	$1,500,000	1.0	1.0	1.0	08 Nov 2024	On Market
643 South Dowling St	$2,500,000	11.0	8.0	1.0	08 Nov 2024	On Market
645 South Dowling St	$2,500,000				08 Nov 2024	On Market

Median House Sale Prices by Street (100)

Street	Date	Median sale value
Wilton St	10 May 2024	$1,809,000
Waterloo St	10 May 2024	$2,475,000
Tudor St	10 May 2024	$3,760,000
South Dowling St	10 May 2024	$2,455,000
Riley St	10 May 2024	$2,800,000

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
402 Bourke St	$2,995	4	5	3	15 Nov 2024
45 Mort St	$1,450	4	2	1	15 Nov 2024
402 Bourke St	$2,995	4	5	3	15 Nov 2024
45 Mort St	$1,450	4	2	1	15 Nov 2024
9 Mackey St	$895	2	1	0	14 Nov 2024

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 10, 342 Bourke St	$870,000	2.0	1.0	0.0	14 Nov 2024	On Market
Unit 308, 20 Pelican St	$1,550,000	2.0	1.0	1.0	14 Nov 2024	On Market
Unit 10, 342 Bourke St	$870,000	2.0	1.0	0.0	14 Nov 2024	On Market
Unit 308, 20 Pelican St	$1,550,000	2.0	1.0	1.0	14 Nov 2024	On Market
Unit 202, 209 Albion St	$1,100,000	2.0	1.0	1.0	11 Nov 2024	On Market

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 1, 350 Bourke St	$900	2.0	2.0	0.0	15 Nov 2024
Unit 1, 350 Bourke St	$900	2.0	2.0	0.0	15 Nov 2024
Unit 13, 144-154 Commonwealth St	$1,450	3.0	2.0	2.0	14 Nov 2024
Unit 13, 144-154 Commonwealth St	$1,450	3.0	2.0	2.0	14 Nov 2024
Unit 13, 144-154 Commonwealth St	$1,450	3.0	2.0	2.0	14 Nov 2024

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