surrey hills

3127, Victoria

Real Estate & Property Information

Median
Price Rank
25

surrey hills Suburb Profile & Review

Surrey Hills is a family-friendly area in Melbourne's east with a strong English sensibility. Several streets are named after English counties and places, and the predominance of brick and weatherboard houses are influenced by the Victorian and Edwardian eras.

Public transport is very accessible. Express trains run to Surrey Hills Station during peak hour, allowing commuters to save on travel time. Chatham Station also services Surrey Hill residents. Trams are available as another alternative: route 109 tram to Box Hill runs through Whitehorse Road, and the route 70 tram travels along Riversdale Road to Wattle Park.

cafes and coffee shops like popular breakfast nook Watts Cooking can be found along Union Road. Sprawling, old-fashioned parks such as Surrey Gardens and South Surrey Park add to the suburb's immense charm. There are four schools, including the highly esteemed Our Holy Redeemer School and Surrey Hills Primary School. Surrey Hills is also close to Melbourne's elite private school belt, and many students attend colleges in Kew, Camberwell and Hawthorn.

surrey hills Demographic Data

$ 1,200,000 Median House Price

24 Minutes Average Commute

39 Median Age

13,133 Population

52.12 % Female

47.88 % Male

3452 NO OF FAMILIES

1.9 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in surrey hills, Victoria.

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surrey hills Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

surrey hills Median House Prices

  • 2008 $ 983,500
  • 2009 $ 927,500
  • 2010 $ 1,000,250
  • 2011 $ 1,200,000
  • 2012 $ 1,200,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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surrey hills 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in surrey hills have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term surrey hills property price predictions.

surrey hills Market Property Types

  • 67 % Seperate House
  • 25 % Semi Detached
  • 8 % Flat or Unit
  • 1 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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surrey hills Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

surrey hills Income & Mortgage Stats

  • $ 2,034 Median Weekly Household Income
  • $ 2,167 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in surrey hills

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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surrey hills Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

surrey hills Sold Property Prices

surrey hills Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

surrey hills Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

surrey hills Restaurants

  • Triple King540 Whitehorse Rd surrey hills VIC 312703 9830 2111
  • Surrey Hills Kitchen149 Union Rd surrey hills VIC 312703 9890 9076
  • Old Kingdom683 Canterbury Roadsurrey hills VIC 312703 9898 3343

surrey hills Cafes

  • Anne's Pantry135 Union Roadsurrey hills VIC 312703 9890 1225
  • Cafe Lucci's359 Canterbury Rdsurrey hills VIC 312703 9836 1992
  • Retro Cafe131 Union Roadsurrey hills VIC 312703 9898 9696

surrey hills Schools

  • Surrey Hills Primary SchoolBeatrice Avenuesurrey hills VIC 3127(03) 9890 1560State Primary School
  • Our Lady of Perpetual Succour Primary School31 Erasmus Streetsurrey hills VIC 3127(03) 9898 7655Catholic Primary School
  • Chatham Primary SchoolWeybridge Stsurrey hills VIC 3127(03) 9830 1933State Primary School

surrey hills Childcare

  • Chatham Child Care Centre73 Croydon Roadsurrey hills VIC 3127
  • Surrey Hills Day Care6 Junction Roadsurrey hills VIC 3127
  • Surrey Hills Baptist Childrens Centre277-281 Elgar Rdsurrey hills VIC 3127

surrey hills Kindergarten and Preschools

  • Canterbury & District Preschool26 Guilford Roadsurrey hills VIC 3127
  • Florence Road Preschool2 Florence Roadsurrey hills VIC 3127
  • Surrey Hills Preschool Centre18 Verdun Streetsurrey hills VIC 3127

surrey hills Sporting Centres and Clubs

  • Bluebell Hill Tennis Clubsurrey hills VIC 3127Tennis Club & Courts
  • Canterbury Tennis Clubsurrey hills VIC 3127Tennis Club & Courts
  • Holy Redeemersurrey hills VIC 3127Tennis Club & Courts

surrey hills Retirement Villages

  • Renaissance Livingsurrey hills VIC 3127

Find out How Much your House is Worth in surrey hills

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