Specialist leasing and management for Surry Hills landlords, by a team with over 40 years of combined experience in the Eastern Suburbs.
Surry Hills has Sydney’s tightest rental vacancy rate at 0.78%. Demand from creative professionals, hospitality workers, and corporate relocatees keeps stock moving fast, but only properties managed and presented correctly command the rents they should. Murray Property manages executive rentals, investment apartments, and heritage terraces across the 2010 postcode. We know which streets outperform, which buildings attract the strongest tenants, and which pricing strategy maximises your return without compromising occupancy.
Call 02 9371 5901
Facts and Figures
Experience the Murray Property difference for yourself today.
115
Five-star Google reviews
40+
Years of combined experience
19+
Years local experience
Why local expertise matters in Surry Hills
Surry Hills is not one market. The blocks between Crown Street and Bourke Street behave differently from the quieter residential streets closer to Foveaux and Cleveland. A terrace on a main-road block and one set back two streets apart can be priced $200 per week differently for the same number of bedrooms, and a property manager without suburb-level knowledge will miss that gap every time.
Murray Property is headquartered at 251 Oxford Street, less than 800 metres from the Surry Hills border, and our team brings over 40 years of combined experience managing properties across the Eastern Suburbs. We know that Crown Street-facing properties attract strong creative and hospitality professionals but require thorough tenant screening for rental continuity. We know which buildings in the Goulburn Street and Pelican Street corridor have active strata defect claims, and which ones present cleanly to executive tenants. That detail does not appear on a listing portal.
With 51% of Surry Hills residents renting, one of the highest renter populations of any inner-Sydney suburb, the pool of qualified tenants is deep. The advantage goes to landlords whose properties are accurately priced, professionally presented, and managed by a team that understands the suburb from the street level up.
Meet Michael Murray
Born and raised in the Eastern Suburbs, a respected estate agent with over 19 years experience and a superior track record in leasing results, Michael Murray is deeply knowledgeable in Sydney’s dynamic and diverse property market.
Michael has secured tenants for some of Sydney’s most elite properties. He has set new records for rental prices achieved, and received prestigious awards for his performance in leasing properties.
251 Oxford Street, Darlinghurst NSW 2010 | 0414 406 965 | michaelmurray@murrayproperty.com.au
What Murray Property provides for Surry Hills landlords:
Free professional photography, video & drone for all new landlords
Executive tenant matching via off-market register
Rent review strategy & NSW 2024 reform compliance
Proactive maintenance coordination
Transparent monthly reporting
Furnished executive property management
Facts and Figures
The Surry Hills rental market in 2026:
For a full breakdown, read our 2026 Landlord’s Guide to Darlinghurst and Surry Hills →
Executive Stock:
$1,150/week
House price growth:
13.95% annually
Vacancy rate:
0.78%
Source paragraph: Source: Surry Hills suburb profile — Cotality · Sydney vacancy rate — SQM Research
What Surry Hills Landlords Say
1504/20 Pelican Street, Surry Hills, NSW, 2010
Our trusted partner in property for 20 years
We’ve worked with Michael for nearly 20 years. He is an outstanding communicator — consistently professional, responsive, and genuinely attentive to the needs of all parties to achieve the best outcomes. His diligence and drive have been key to the growth of his business over the years. Michael also believes in building long-term, trusting relationships, which we’ve truly valued. We highly recommend his services, as we have already done with our family and friends.
14/168 Goulburn Street, Surry Hills, NSW, 2010
Great rental experience
Michael helped coordinate the rental of my property while I was overseas. He managed to lease out the property in one day and at a 25% increase on my previous rate and for 24 months. A very professional, safe pair of hands who delivers good results.
46 Bennett Street, Surry Hills, NSW, 2010
Best agent to work with — always knowledgeable and professional
Michael is always on top of the workings of our properties in line with latest rental expectation. Excellent at maintaining landlord and tenant relationships that’s a win-win for all parties for long lasting tenancy. Very reliable team to have as part of our property investment strategy.
Frequently Asked Questions
How much does property management cost in Surry Hills?
Property management fees in Darlinghurst vary depending on the level of service provided and the specific needs of your property.
At Murray Property, our full-service offering covers everything from leasing and tenant management to maintenance coordination, rent reviews, and compliance.
For a tailored breakdown based on your property, feel free to get in touch with our team.
What is the average rental yield in Surry Hills?
Surry Hills units currently yield approximately 4.4% gross. Houses yield a lower percentage relative to purchase price but show exceptional capital growth at 13.95% annually, among the strongest of any inner-Sydney suburb annually.
How long does it take to find a tenant in Surry Hills?
With Sydney’s tightest vacancy rate at 0.78% and 51% of residents renting, well-presented Surry Hills properties move extremely quickly. Murray Property has leased properties in a single day. Properties on our off-market register are frequently matched to tenants before public listing.
Can I switch property managers mid-lease in NSW?
Yes. In NSW you can change property managers at any time by providing written notice to your current agent. The incoming agent handles the transition. Murray Property manages this process on behalf of landlords switching to us.
Click here for more info – https://www.murrayproperty.com.au/can-i-switch-property-managers-mid-lease-in-nsw/
How often can rent be increased in NSW?
Under NSW’s 2024 tenancy reforms, rent can be increased once every 12 months regardless of lease type. A minimum of 60 days written notice is required. The 12-month period runs from the date of the last increase, not the date of lease renewal.
Is Surry Hills a good suburb for investment property?
Surry Hills has the tightest rental vacancy of any inner-Sydney suburb at 0.78%, annual house price growth of 13.95%, and a renter population of 51%, structural conditions that consistently favour landlords. Supply is constrained, the suburb is fully built out, and demand from creative, hospitality, and corporate professionals remains strong year-round. For investors seeking low vacancy and strong capital growth, Surry Hills is one of Sydney’s most compelling postcodes.
Surry Hills Latest Content
- What Rental Yield Can You Expect from an Inner-Sydney InvestmentProperty in 2026?
- Why Inner-Sydney Landlords Are Switching to Boutique Property Management in 2026
- NSW Tenancy Law Changes Every Surry Hills and Darlinghurst Landlord Needs to Know in 2026
- Is Your Inner-Sydney Investment Property Actually Performing?
Get a Free Rental Appraisal for Your Surry Hills Property
Murray Property provides free rental appraisals for Darlinghurst landlords. We assess your property against current market conditions and advise exactly what it should be achieving,with no obligation.
Contact us
251 Oxford Street, Darlinghurst NSW 2010 | 02 9371 5901 | home@murrayproperty.com.au
Request a rental appraisal: murrayproperty.com.au/rental-appraisal/
Current rental listings: murrayproperty.com.au/residential-for-lease/
Free marketing package details: murrayproperty.com.au/about-us/marketing-package/
Property management enquiries: murrayproperty.com.au/contact-us/