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
A decision, not just a search · Surry Hills
Does a promising suburb make this the right property decision?
No. Suburb data can help you shortlist, but it cannot establish the value, condition or suitability of a particular property. Compare buying, retaining your current property and waiting against your household cash flow, finance conditions and intended holding period.
Questions that could change the answer
- What would make this location unsuitable even if its median price rises?
- Could you meet the costs if income falls, the property is vacant or repairs are needed?
- Are you comparing a specific property with genuinely comparable sales—or only an area average?
Evidence to obtain—not yet verified here
- Comparable property evidence with transaction dates and relevant differences.
- Current loan terms, household commitments and a realistic cash-flow buffer.
- Property inspections, contract advice and ownership/tax advice where relevant.
Other options: Shortlist another property, retain what you own, reduce the budget or delay. Growth expectations alone are not a reason to proceed.
Next action: Ask a Property Advisor to connect the property evidence with your priorities, and identify the finance, tax or legal professional required for unresolved questions.
When to revisit: Revisit if the price, lending terms, inspection findings or household circumstances change.
General decision guidance—not a property assessment, personal recommendation or verified client result. Dates on surrounding market content apply to that content, not to checks on your property.
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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
Stamp Duty Estimate
+8% surcharge
Negative Gearing Position
Wage offset available until 1 July 2027
An established purchase today falls under the 2026 reforms. From 1 July 2027, losses on established residential property can only offset residential rental income or residential capital gains — not your salary.
$1280/wk
Negatively geared
Reduces taxable income until 1 July 2027
~$1,161/week
Land Tax Exposure
~60% of median price
Annual: $3,540
Annual: $20,340
CPA Note: Land tax applies to your total NSW land holdings, not individual properties. Portfolio holders should aggregate all investment land values.
CGT Projection
Based on 5.1% p.a. growth (from 5-year trend), CPI indexation + 30% minimum rate, 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.)
$244,693
Estimates based on FY2025 NSW rates at median house price. Assumes 80% LVR, 6.5% interest rate, 39% marginal tax rate ($135K-$190K bracket). This calculator provides estimates for illustrative purposes only and does not constitute financial, tax, or investment advice. Results depend on assumptions that may not reflect your actual situation. Tax laws, interest rates, and market conditions change frequently. Always consult a qualified professional — such as a CPA, mortgage broker, or financial adviser — before making financial decisions. Local Knowledge Group of Companies provides integrated advisory through Local Knowledge (CPA), Local Knowledge Finance (Mortgage Brokerage), and Local Knowledge Property (Licensed Agency).
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 11 April 2026.