Murray Property is a boutique real estate agency headquartered at 251 Oxford Street, Darlinghurst, at the northern boundary of Surry Hills. With over 40 years combined experience in this specific inner-city market, we sell across Surry Hills, Darlinghurst and the Eastern Suburbs.
Surry Hills is one of inner Sydney’s most consistently in-demand property markets, but it is not a uniform one. A terrace on Bourke Street, an apartment on Crown Street, and a two-bedroom unit on Foveaux Street each require a different sales strategy, a different buyer pool, and a different understanding of what the market will and won’t pay right now.
| 71% Auction clearance rate | 29–39 days Days on market (houses) | 0.22% Stock on market | 115 5-star Google reviews |
Surry Hills market at a glance, 2026
Display as a data table. Sources: CoreLogic, HtAG Analytics, PropTrack, Murray Property market data, early 2026.
| Houses & terraces | Units & apartments | |
| Median price | $2.35m – $2.50m | $885,000 – $940,000 |
| Annual growth | 14.8% | Flat to -3.9% |
| Days on market | 29 – 39 days | 35 – 45 days |
| Auction clearance rate | 71% (3-month avg) | — |
| Median weekly rent | $1,150 | $775 – $800 |
| Gross rental yield | 2.6% | 4.4% |
| Stock on market | 0.22% | 0.22% |
| Vacancy rate | 0.78% | 0.78% |
What this means for vendors
Surry Hills house and terrace vendors are in a strong position. Stock on market sits at just 0.22%, among the tightest figures of any inner-city Sydney suburb, and buyer enquiry per listing averages around 1,860 per house. For every well-presented terrace that comes to market, there are buyers who have been watching and waiting with very limited alternatives.
For unit vendors the picture is more nuanced. Capital growth has flattened in some segments, but rental demand is exceptional, a 0.78% vacancy rate is one of Sydney’s tightest, which makes Surry Hills units compelling for investors and supports strong sale prices when the property is well-presented and correctly positioned.
What is my Surry Hills property worth?
There is no single answer. Price in Surry Hills depends on property type, street, aspect, parking, building quality and current buyer demand, all of which vary significantly within a 1.3 square kilometre suburb.
Terraces and houses
| Property type | Price range |
| Renovated 3-bed terrace, premium street (Bourke, Riley, Fitzroy, Albion) | $2.8m – $3.5m |
| 2-bed terrace, well-presented, off-street parking | $1.8m – $2.4m |
| 2-bed terrace, requires work or busier street | $1.4m – $1.8m |
| 4-bed freestanding or large terrace, top end | $2.4m – $3.5m+ |
Terraces and houses
| Property type | Price range |
| 2-bed apartment, car space, quality building, good aspect | $1.1m – $1.5m |
| 2-bed apartment, no parking or dark aspect | $850,000 – $1.1m |
| 1-bed apartment, well-presented | $700,000 – $900,000 |
| Studio, older block | $500,000 – $650,000 |
These ranges are indicative. A formal appraisal from Nicholas Murray will give you a precise, comparable-sale-backed figure for your specific property.
Get a free, no-obligation appraisal → /sell/sales-appraisal/
The streets that matter most for Surry Hills vendors
Not all streets in Surry Hills perform equally. Here is the street hierarchy as it stands in 2026:
| Tier 1 — consistently above median | Bourke St (north of Cleveland) · Riley St · Fitzroy St · Albion St |
| Tier 2 — solid performer | Lansdowne St · Rainford St · Devonshire St · Holt St · Reservoir St · Waterloo St |
| Tier 3 — good fundamentals, nuanced strategy | Crown St (directly on) · Foveaux St · Buckingham St · South Dowling St frontages |
How Murray Property runs a Surry Hills sale
Every sale we run follows a structured process built around one objective: the best possible result for our vendor.
1. Appraisal and strategy
On-site appraisal against genuine comparable sales on your street and surrounding streets. Honest price range. Method of sale recommendation with clear reasoning. For most Surry Hills houses this means auction; for some units it means private treaty. We will tell you which and why.
2. Pre-sale preparation
Specific advice on what will improve your result, and what won’t. We do not recommend overcapitalising. Professional photography, videography and drone footage are included as standard for sales campaigns.
3. Marketing and reach
- realestate.com.au and domain.com.au with premium placement
- Professional photography and video production
- Social media campaign across Facebook, Instagram and LinkedIn
- Email marketing to our qualified buyer database
- Off-market buyer matching where appropriate
- Signboard and open home management
4. Buyer management and auction
Structured inspection and follow-up process. Buyer qualification built systematically before auction day. Our Surry Hills house auction clearance rate of 71% reflects a process that works, not luck.
5. Negotiation and settlement
Full negotiation management whether your property sells under the hammer, prior to auction or via private treaty. We stay with you through to settlement and handle any issues that arise with the same care we brought to the campaign.
Why Murray Property
Boutique by choice. Local by nature.
| You deal with the principal | Nicholas Murray runs your campaign personally, not a junior agent handed the listing. The person who appraised your property, understood your goals, and built your marketing strategy is the person who runs your opens, manages your buyers and negotiates your sale. |
| Granular local knowledge | We know which buildings have strata levies that have increased sharply due to unresolved defect remediation. We know which streets are attracting the school-catchment buyer. We know which Foveaux Street corridor properties are being lifted by the Surry Hills Village development. This is not data-report knowledge. It is the product of years of selling in this specific market. |
| 115 five-star Google reviews | Vendors consistently describe the same experience: personal attention, honest communication, and results that exceeded expectations. These are not brand reviews, they are transaction reviews. |
| Carefully managed listings | Murray Property handles a deliberately managed number of listings at any one time. Every campaign receives the time and attention it deserves, rather than being one of 40 active listings managed by rotating agents. |
37/2 Goodlet Street, Surry Hills, NSW, 2010
Above and beyond.
‘Nicholas was proactive in assisting me throughout my home purchasing journey. He and his brother went above and beyond to answer any questions I had and were quick to assist wherever possible. While purchasing a house is a privilege and an incredibly exciting prospect, it is nonetheless stressful. I am incredibly thankful to Nicholas and Michael for their guidance, patience and thoughtful input. I can not recommend their services more highly.’
3 Chapman Street, Surry Hills, NSW, 2010
SMASHED IT!
‘Nicholas did an amazing job in selling our property. He took the trouble of arranging works on the property to present it for sale as it was very run down and in need of renovations. Nicholas suggested an auction and ran weekly, and weekend opens. The auction was a smashing success with our property selling for $95,000 above our reserve. We were stoked! Thanks, Nicholas, for all your hard work’
Meet your Surry Hills sales agents
Nicholas Murray, Sales Manager
Nicholas Murray specialises in residential property sales across Darlinghurst and Surry Hills, with a focus on auction campaigns, off-market results, and guiding inner-city vendors through the sales process from appraisal to settlement. With an intimate, on-the-ground understanding of Surry Hills streets, buyer profiles and price points, built from living in the Eastern Suburbs his entire life, Nicholas brings both local knowledge and genuine professional commitment to every campaign he runs.
He is a Licensed Real Estate Agent, a proud member of the Bondi Surf Club, and a former Eastern Suburbs Rugby Union Club player. His client reviews consistently reflect the same qualities: patience, honest communication, tenacity and results.
Michael Murray, Managing Director
Michael Murray has over 22 years of experience in property sales and management across Surry Hills, Darlinghurst, Potts Point and the Eastern Suburbs. His track record includes sales across some of Sydney’s most sought-after inner-city addresses and consistent recognition for outstanding client outcomes.
Member of the Real Estate Institute of NSW. Advanced Diploma of Property Services (Valuation). Diploma of Property Services (Real Estate). Certificate III and IV in Property Services. Volunteer lifeguard at Bondi Surf Life Saving Club for over a decade.
FAQ section
Frequently asked questions, selling in Surry Hills
Should I sell by auction or private treaty in Surry Hills?
For houses and quality terraces, auction is almost always the right method. The suburb’s buyer depth, short days on market and 71% clearance rate create exactly the conditions that produce strong auction results. For units in larger buildings where buyer demand is narrower, private treaty may be more appropriate. We will give you a specific recommendation for your property at appraisal.
Do I need to renovate before selling?
Not necessarily. Often a thorough clean, professional styling and quality photography makes more difference than a renovation. We give you specific, honest advice on what will and won’t improve your result, and what represents overcapitalising.
Can you sell my property off-market?
Yes. We maintain an active database of qualified buyers looking for Surry Hills property. For vendors who value privacy or want to test the market before committing to a public campaign, an off-market approach is sometimes the right first step.
What is the current auction clearance rate in Surry Hills?
Surry Hills houses are currently achieving a clearance rate of approximately 71% on a three-month rolling average, well above the Sydney-wide figure of mid-50s to low-60s. This reflects genuine buyer depth and competitive demand for well-presented inner-city property.
The Surry Hills knowledge hub
- Surry Hills vs Darlinghurst. Which Suburb Should You Sell In First?
- The Best Streets to Buy and Sell in Surry Hills
- What Is My Surry Hills Property Worth in 2026?
- Surry Hills Property Market Update 2026
- What Rental Yield Can You Expect from an Inner-Sydney InvestmentProperty in 2026?
Streets we sell across in Surry Hills
Bourke Street · Riley Street · Crown Street · Fitzroy Street · Albion Street · Foveaux Street · Devonshire Street · Cleveland Street · Reservoir Street · Holt Street · Waterloo Street · Lansdowne Street · Buckingham Street · Goulburn Street · Campbell Street · Chalmers Street · Commonwealth Street · Wentworth Avenue · South Dowling Street · Rainford Street · Prospect Street · Goodlet Street · Marshall Street · Brisbane Street · Kendall Street · Cooper Street
Ready to find out what your Surry Hills property is worth?
A conversation costs nothing and commits you to nothing.
251 Oxford Street, Darlinghurst | (02) 9371 5901 | home@murrayproperty.com.au