Surry Hills Median Price
In the 12 months to August 2025, Surry Hills recorded a median house price of $2,320,000, reflecting 7.9% annual growth. Over the same period, 94 houses were sold, with properties spending a median of 39 days on the market and attracting interest from around 1,860 buyers. Houses currently achieve a rental yield of 2.6%.
For units and apartments, the median price sits at $940,000, with no growth over the past year. There were 287 unit sales across the year, with a median of 45 days on the market and 2,494 buyers showing interest. Units deliver stronger rental performance, with yields averaging 4.4%.
Market Insight: Houses in Surry Hills are showing stronger long-term capital growth, while units continue to attract investors with higher rental yields.
| 2 bed house | $1,787,500 |
| 3 bed house | $2,587,500 |
| 4 bed house | $2,950,000 |
| 1 bed unit | $800,000 |
| 2 bed unit | $1,400,000 |
| 3 bed unit | $2,530,000 |
https://www.realestate.com.au/nsw/surry-hills-2010
Surry Hills Property Market
In the past month, Surry Hills recorded 259 rental listings and 83 properties for sale. Over the last 12 months, median prices have been $2,320,000 for houses and $940,000 for units. For investors, houses in Surry Hills achieve rents of around $1,150 per week, delivering an annual rental yield of 2.6%, while units return about $775 per week with a stronger yield of 4.4%. In terms of growth, houses have recorded an annual compound rate of 7.9%, while units have remained steady at 0.0%.
Surry Hills Developments
Surry Hills Village (TOGA / SJB Architects / Aspect Studios, etc.)
A transformative mixed-use precinct in Surry Hills combining high-end apartments, hotel, retail, workplaces and generous green / public spaces; designed to reconnect laneways, preserve heritage character, and create a lively urban neighbourhood.
Key Facts:
Developer: TOGA. Architect: SJB, with landscape architects Aspect Studios.
Scale & features: ~122 luxury residential apartments + penthouses & terraces; a 102-room boutique hotel (“Eve” Hotel); multiple retail and hospitality outlets (including a Coles, Harris Farm, and several restaurants) within a new laneway (“Wunderlich Lane”).
Public realm & sustainability: Includes new public park / landscaped open space; laneways that improve connectivity; rooftop gardens and courtyards; built with heritage sensitivity and “green” design features.
Timeline / status: The first phase (residential + retail) is complete; many components are already open.
Marlborough House Redevelopment (Time & Place / NPACT, etc.)
A heritage warehouse (former David Jones manufacturing site) being transformed into around 150 apartments (including affordable units), with adaptive reuse of the original structure, new building additions, maintaining its art-deco / warehouse style, enhancing the urban fabric in Surry Hills.
Location: 47-97 Marlborough Street, Surry Hills.
Buyer / Developer: Purchased by Time & Place in partnership with NPACT (investment firm backed by James Packer). Price ~ $110 million.
Outcome: ~150 residential apartments; 26 affordable dwellings included. Project valued between $400-$500 million.
Heritage & design: The proposal intends to adaptively reuse the heritage-listed warehouse, retaining significant parts of the structure and integrating new construction that respects the historical character.
Timeline: Demolition expected around 2027, with completion about two years after that.
Houses in Surry Hills have continued to show consistent growth over the past year, with median prices increasing to over $2.3 million. This growth demonstrates ongoing demand from buyers who value the suburb’s location, heritage, and lifestyle offerings. Units have maintained steady prices but offer higher rental yields, making them attractive for investors seeking reliable income. The rental market remains active, with properties spending a relatively short time on the market and attracting significant interest. Overall, Surry Hills offers a balanced property market where long-term growth is possible for houses, while units provide strong rental returns. New developments such as Surry Hills Village and Marlborough House add modern living options and public amenities, further supporting the suburb’s appeal to both owner-occupiers and investors.
Contact us to discuss how we can support your investment strategy in Surry Hills.