Surry Hills, NSW
UNDERVALUED22,348 sales · 36 years of data · NSW, Australia
Surry Hills, NSW Property Market Overview
Surry Hills, a vibrant inner-city suburb of Sydney, New South Wales, offers a diverse property market appealing to a wide range of residents. With 36 years of recorded sales data, AusPropertyInsights.app's analysis reveals a total of 22,348 sales in the 2010 postcode. The current median property price across all dwelling types in Surry Hills sits at $1,150,000.
Surry Hills is known for its eclectic mix of terrace houses, modern apartments, and converted warehouses, reflecting its rich history and contemporary appeal. The suburb is a hub for creative industries, dining, and entertainment, contributing to its high demand and unique character. The property market in Surry Hills presents a blend of investment opportunities and lifestyle benefits.
Property Mix
Data You Can Trust
Every figure backed by NSW government sale records
What Subscribers See
A preview of the full analysis available for Surry Hills
Top streets in Surry Hills, NSW by median sale price
See which streets command the highest prices and how many sales back each ranking.
| # | Street | Median Price |
|---|---|---|
| 1 | Bourke St | $3,280,000 |
| 2 | Little Riley St | $3,800,000 |
| 3 | South Dowling St | $2,967,500 |
| 4 | Albion St | $2,862,500 |
... and 179 more streets available
Subscribers also see:
- Street price per m² analysis
- Street annual growth rates (CAGR)
- Premium vs discount % comparison
Streets by price per square metre
Compare land and building value across streets — essential for finding underpriced pockets.
| # | Street | Median $/m² |
|---|---|---|
| 1 | High Holborn St | $33,742/m² |
| 2 | Alexander St | $34,019/m² |
| 3 | Denham St | $31,646/m² |
| 4 | Smith St | $37,434/m² |
... and more $/m² rankings
View full $/m² data →Fastest growing streets by median price
10-year compound annual growth rate (CAGR) by street — see which streets are outperforming the suburb.
| # | Street | 10yr CAGR |
|---|---|---|
| 1 | High Holborn St | +8.5% |
| 2 | Fitzroy St | +7.0% |
| 3 | Devonshire St | +14.2% |
| 4 | Prospect St | +7.0% |
... and more street growth rates
See all growth rates →Past growth rates are not indicative of future performance. This data is for informational purposes only.
Building-by-building comparison
| # | Address | Median |
|---|---|---|
| 1 | 144 Commonwealth St | $1,425,000 |
| 2 | 343 Riley St | $2,000,000 |
| 3 | 23 Pelican St | $1,500,000 |
| 4 | 3 Butt St | $1,250,000 |
... and 220 more buildings
Compare individual buildings by price per sqm, median unit price, and sales volume. Identify which buildings are gaining or losing value relative to the suburb average.
View full building data →Flipper risk & hold period analysis
Properties resold within 2 years may signal problems — structural issues, noisy locations, or overpayment. See hold period distribution and flagged streets.
See flipper risk data →Settlement times & problem streets
Extended settlement times can indicate building defects, financing difficulties, or legal issues. See which streets have the longest settlement periods.
See settlement data →Density & development tracking
Track which streets are converting from houses to apartments. Understand how density is changing the suburb's character and property values over time.
See density trends →Unlock the full Surry Hills analysis
183 streets and 224 buildings to explore
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Surry Hills at a Glance
Surry Hills, NSW
Map data © OpenStreetMap contributors
Local Amenities
Living in Surry Hills, NSW
Living in Surry Hills offers a vibrant and cosmopolitan lifestyle. The suburb is renowned for its trendy cafes, award-winning restaurants, boutique shops, and art galleries. It’s a hub for creative industries, attracting artists, designers, and entrepreneurs.
Families are drawn to Surry Hills for its proximity to quality schools such as Crown Street Public School and Sydney Grammar School. Residents enjoy easy access to Centennial Park, a large green space perfect for recreation and relaxation. Transport options are plentiful, with Central Station providing excellent rail connectivity and numerous bus routes servicing the area. Shopping can be found at the local Coles and nearby Westfield Sydney, and the suburb has a local library. The character of Surry Hills is defined by its rich history, diverse community, and lively atmosphere.
Considered one of Sydney's best suburbs, it is a blend of culture and community.
Who Buys in Surry Hills?
The buyer profile in Surry Hills is diverse, reflecting its range of property types and lifestyle offerings. The high strata percentage of 58.1% suggests a significant proportion of apartment buyers, including young professionals and investors. The median apartment price of $950,000 makes it relatively accessible compared to houses.
The higher median house price of $2,550,000 attracts established families and high-income earners seeking larger properties. While the 10-year CAGR of 1.5% may appeal to long-term investors, the full-period CAGR of 5.1% demonstrates the suburb's historical growth potential.
Market Analysis
The Surry Hills property market, as assessed by AusPropertyInsights.app, is currently positioned below its long-term trend, indicating it is in undervalued territory. This assessment considers historical price movements, sales volumes, and broader economic factors over an extended period.
The cycle position suggests that property prices in Surry Hills may be poised for potential growth as the market corrects. Understanding the cycle position allows potential buyers and sellers to better assess the current market dynamics and make informed decisions based on comprehensive data analysis. This is a snapshot of market conditions and doesn't predict future performance.
Is Surry Hills a Good Investment?
Surry Hills's property market benefits from its prime inner-city location, strong cultural scene, and excellent transport links. The suburb's historical growth, reflected in the full-period CAGR of 5.1%, demonstrates its long-term value appreciation. The varied property types, from terrace houses to modern apartments, cater to a wide range of buyers.
The current market position, assessed as being below its long-term trend, presents a potential entry point for buyers. The 20-year CAGR of 4.1% and the 10-year CAGR of 1.5% reflect the varying growth rates over different periods. The demand for property in Surry Hills is supported by its desirable lifestyle, proximity to the CBD, and access to amenities.
Surry Hills Market Outlook
As of early 2026, the Surry Hills property market is positioned below its long-term trend. Recent price trends indicate a potential period of recovery as the market adjusts. The average settlement days of 52 reflects a consistent and efficient transaction process.
The current market conditions in Surry Hills present an opportunity for buyers seeking long-term value. The historical growth and desirable location continue to make Surry Hills an attractive property market, despite the current cycle position.
Streets & Location in Surry Hills, NSW
Located just south-east of the Sydney CBD, Surry Hills, postcode 2010, is a highly desirable inner-city location. The suburb is known for its charming streets and vibrant atmosphere. AusPropertyInsights.app data highlights LITTLE RILEY ST, FITZROY ST, and CLEVELAND ST as streets with high median property prices.
With a total of 183 streets, Surry Hills offers a variety of residential options, from historic terraces to modern developments. Its proximity to the city centre and its thriving cultural scene contribute to its enduring appeal.
Market Dynamics
The market dynamics in Surry Hills are characterised by relatively quick settlement times. The average settlement days are 52, indicating an efficient transaction process. This reflects the high demand and active market within the suburb.
While quick-flip data is not available, the overall sales volume and median price trends suggest a stable and competitive property market in Surry Hills. These factors contribute to the suburb's attractiveness to both owner-occupiers and investors, as shown in the sales data.
Development & Density
Surry Hills exhibits a moderate to high development density, with a mix of low-rise and high-rise buildings. The suburb is home to 224 apartment buildings, reflecting the popularity of apartment living in this inner-city location. The strata percentage of 58.1% further emphasizes the significant presence of apartments in Surry Hills.
The housing composition in Surry Hills includes a blend of traditional terrace houses and contemporary apartment complexes. This mix caters to a diverse range of residents, from young professionals to families and downsizers, influencing supply and demand.
Growth & Property Mix
Analysing the historical growth rates in Surry Hills reveals a full-period Compound Annual Growth Rate (CAGR) of 5.1% over the past 36 years. The 20-year CAGR stands at 4.1%, while the 10-year CAGR is 1.5%. These figures reflect the long-term appreciation of property values in Surry Hills.
The property mix in Surry Hills is diverse, with apartments accounting for a significant portion of the market. The strata (apartment) percentage is 58.1%, indicating a substantial number of apartment buildings within the suburb.
All data on this page is sourced from NSW government property sale records. Market analysis, cycle positions, growth rates, and all other metrics are provided for informational purposes only and do not constitute financial, investment, legal, or property advice. Always seek independent professional advice before making any property or financial decisions.
This information is based on historical sales data and does not constitute financial, investment, or property advice. Past performance is not indicative of future results. Always consult a qualified professional before making property decisions.