Surry Hills
Investment Score
78
/100
AI Intelligence Summary
Surry Hills is one of Sydney's most vibrant inner-city suburbs, located just 2km south of the CBD. This former industrial area has transformed into a trendy cultural hub known for its eclectic mix of heritage terrace houses, converted warehouses, and modern apartments. The suburb boasts an exceptional dining scene, boutique shopping along Crown Street, and a thriving arts community. With excellent transport links including Central Station nearby and multiple bus routes, Surry Hills attracts young professionals, creatives, and downsizers seeking an urban lifestyle. The median house price of $2.15 million reflects its premium positioning, while the 3.1% rental yield indicates strong investment demand. The area's character is defined by tree-lined streets, Victorian architecture, and a cosmopolitan atmosphere that seamlessly blends residential living with commercial activity. Recent urban renewal projects and the suburb's proximity to major employment hubs make it highly desirable for both owner-occupiers and investors.
Strengths
- •Prime inner-city location with 2km proximity to Sydney CBD
- •Exceptional transport connectivity including Central Station access
- •Vibrant cultural scene with renowned restaurants, cafes, and nightlife
- •Strong rental demand from young professionals and city workers
Opportunities
- •Continued gentrification driving long-term capital growth potential
- •Strong short-term rental market due to tourist and business traveler demand
- •Apartment market offering more accessible entry points than houses
- •Infrastructure improvements enhancing connectivity and amenity
Considerations
- •High entry point with $2.15 million median house price limiting affordability
- •Limited parking and high density living may deter some buyers
- •Noise and activity levels typical of inner-city urban environment
- •Relatively low rental yield of 3.1% impacting cash flow returns
Property Market
$2.15M
+5.8% 1yr
$950K
+4.5% 1yr
$1,280/wk
$785/wk
26
2.1%
71.2%
Price Growth
| Type | 1 Year | 3 Year | 5 Year |
|---|---|---|---|
| House | +5.8% | — | +25.3% |
| Unit | +4.5% | — | +19.8% |
Rental Yields
House Yield
3.1%
Unit Yield
4.3%
Investment Scorecard
Tax & Financial Intelligence
CPA-grade analysis for Surry Hills at median house price
+8% surcharge
$1280/wk
Negatively geared
Reduces taxable income
~$1,161/week
Based on 5.1% p.a. growth (from 5-year trend), 50% CGT discount, 39% MTR
5-Year Hold
10-Year Hold
Investor Quick Summary
Entry cost (stamp duty)
$100,640
After-tax yield
1.89%
Weekly holding cost
$1161/wk
10yr CGT (est.)
$245,855
Estimates based on FY2025 NSW rates at median house price. Assumes 80% LVR, 6.5% interest rate, 39% marginal tax rate ($135K-$190K bracket). Individual circumstances vary. This is general information only and not personal financial advice. Consult your CPA before making investment decisions. Local Knowledge Pty Ltd — Registered Tax Agent.
Demographics
15,820
35
$77K
per annum
Lifestyle & Community
Cosmopolitan lifestyle with world-class dining, boutique shopping, galleries, and vibrant nightlife. Walking and cycling culture with excellent cafe scene and cultural events.
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Data sourced from multiple sources. Last updated 24 March 2026.