True Cost of Buying in Surry Hills
2010 NSW
A decision, not just a search · Surry Hills
Does the lower estimated monthly cost make a property the better buy?
Only under the assumptions entered—and cost is not the whole decision. This model compares scenarios, not lender approval, building condition or personal suitability. Replace defaults with current quotes and documents, then test whether the cost remains manageable when circumstances change.
Questions that could change the answer
- Which costs are current supplied figures, and which are model defaults?
- What happens to your buffer if interest, repairs or vacancy costs rise?
- What finance, contract or inspection condition remains unresolved before an offer?
Evidence to obtain—not yet verified here
- Current lender terms and approval conditions, not only a borrowing estimate.
- Dated levy notices, rates, insurance quotes and maintenance information.
- Contract advice, inspection findings and comparable sales evidence.
Other options: Lower the price limit, compare another property or wait for critical checks. A favourable model result is not a recommendation to make an unconditional offer.
Next action: Re-run the existing calculator with documented inputs, then agree your conditions and walk-away point with the relevant professionals.
When to revisit: Revisit when any input, approval condition, price or property finding changes.
General decision guidance—not a property assessment, personal recommendation or verified client result. Dates on surrounding market content apply to that content, not to checks on your property.
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Market Intelligence
Surry Hills is one of Sydney's most vibrant inner-city suburbs, located just 2km south of the CBD. This former industrial area has transformed into a trendy cultural hub known for its eclectic mix of heritage terrace houses, converted warehouses, and modern apartments. The suburb boasts an exceptional dining scene, boutique shopping along Crown Street, and a thriving arts community. With excellent transport links including Central Station nearby and multiple bus routes, Surry Hills attracts young professionals, creatives, and downsizers seeking an urban lifestyle. The median house price of $2.15 million reflects its premium positioning, while the 3.1% rental yield indicates strong investment demand. The area's character is defined by tree-lined streets, Victorian architecture, and a cosmopolitan atmosphere that seamlessly blends residential living with commercial activity. Recent urban renewal projects and the suburb's proximity to major employment hubs make it highly desirable for both owner-occupiers and investors.
Market Snapshot
Median House
$2.1M
+5.8% 1yr
Median Apartment
$950K
+4.5% 1yr
Median Townhouse
—
Vacancy Rate
2.1%
26 avg DOM
Yield (Apartment)
4.3%
Yield (House)
3.1%
Auction Clearance
71%
Population
15,820
True Cost Breakdown
Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier
Apartment
Purchase Price
$950,000
Stamp Duty
$37,280
1st Year Total
$70,148
House
Purchase Price
$2,150,000
Stamp Duty
$100,660
1st Year Total
$146,314
Run Your Own Numbers
These are median figures. Plug in the actual property you're looking at to see your real all-in cost — including first-home concessions, investment deductions, or different deposit amounts.
Community Profile
Median Income
$76,500
Median Age
35
Walkability
96/100
Public Transport
95/10
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