November 2025
Surry Hills continues to attract strong attention from buyers, investors, and long-term residents. The suburb sits on the edge of the Sydney CBD, close to transport links, parks, schools, and hospitality venues. This high level of demand shapes the local sales and rental performance across all dwelling types.
Median Prices
Across the 12 months to October 2025:
- Median house price: $2,400,000
- Median unit price: $904,000
Surry Hills remains above the broader Sydney median due to limited land availability, renovated terraces, strong heritage appeal, and a large professional workforce living close to the city.
Sales Activity
Over the past month:
- 110 properties were listed for sale
- Demand remained steady across all price brackets
- The strongest competition occurred in updated two- and three-bedroom terraces, and in modern units close to Crown Street and the new Surry Hills light rail stop
- Properties with parking continued to attract higher interest due to limited supply in the area
Recent price points:
| 2-bed house | $1,887,500 |
| 3-bed house | $2,600,000 |
| 4-bed house | $2,850,000 |
| 1-bed unit | $790,000 |
| 2-bed unit | $1,410,000 |
Rental Market
Last month Surry Hills recorded 205 available rentals. Demand stayed high due to the suburb’s proximity to the CBD, major employment hubs, and the light rail line.
- Houses rent for:$1,195 per week
- Rental yield: 2.7%
- Units rent for:$780 per week
- Rental yield: 4.3%
Well-renovated units continue to deliver stronger yields than houses, making them an appealing entry point for investors. Areas with high rental turnover include Crown Street, Bourke Street, Devonshire Street, and the newer apartment clusters near the Central precinct.
Across the past year:
- Houses recorded a compound growth rate of 14.3%
- Units recorded a compound growth rate of -2.5%
The difference between house and unit growth is linked to limited supply of land, high buyer interest in renovated terraces, and shifting preferences toward homes with private outdoor areas. Units remain popular but show mixed performance, particularly in older buildings without lifts or parking.
CoreLogic data across 2025 shows that inner-city houses have outperformed inner-city units due to higher land value and increased demand from professional couples and downsizers seeking walkable neighbourhoods.
Market Drivers in 2025
Several factors contributed to the suburb’s performance over the year:
1. Proximity to Transport and the CBD
The suburb’s location within walking distance of Central Station, the light rail, and bus links continues to lift demand.
2. Lifestyle and Amenities
Surry Hills’ dining, cafés, and creative scene remain major drawcards. The area attracts both local and international buyers and tenants.
3. Low Supply of Houses
Terraces rarely enter the market, and competition remains high when they do. This keeps house prices elevated.
4. New Developments and Upgrades
Ongoing upgrades around Central and the Tech Central precinct have brought new commercial activity and boosted buyer confidence.
5. Rising Renter Demand
Employment growth in the CBD and inner-city education hubs supports consistent rental demand, leading to shorter vacancy periods.
Surry Hills continues to perform well for long-term investors due to:
- Strong tenant demand
- Low vacancy rates
- High walkability
- Access to schools, transport, and work hubs
Terraces deliver higher capital growth, while units provide stronger rental yields. Many investors target one-bed and two-bed units due to stable occupancy rates and lower maintenance costs.
Outlook
Market activity in Surry Hills is likely to remain steady over the next year. Interest remains strong for well-presented properties, terraces with outdoor areas, and modern units near the Central precinct. Investor enquiry continues to rise due to stable rental demand and the suburb’s long-term performance.
If you need advice on buying, selling, or managing an investment in Surry Hills, our team is ready to help. We can guide you with market insights, pricing, and strategy. Feel free to contact us at Murray Property for support at any stage of your property journey.