What is the true cost of buying an apartment in Surry Hills?

The median apartment in Surry Hills is $950,000. Including stamp duty ($37,280), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $70,148, or $5,846/month.

What does it really cost to buy a house in Surry Hills?

The median house in Surry Hills is $2,150,000. True first-year cost including stamp duty ($100,660), rates, insurance, maintenance, and mortgage repayments is approximately $146,314.

What is the vacancy rate in Surry Hills?

Surry Hills currently has a vacancy rate of 2.1%. Properties average 26 days on market.

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True Cost of Buying in Surry Hills

2010 NSW

Stable

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.

Prime inner-city location with 2km proximity to Sydney CBDExceptional transport connectivity including Central Station accessVibrant cultural scene with renowned restaurants, cafes, and nightlifeStrong rental demand from young professionals and city workersHeritage character with mix of terraces and modern developments

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

$5,846/mo

Purchase Price

$950,000

Stamp Duty

$37,280

1st Year Total

$70,148

House

$12,193/mo

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.

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Community Profile

Median Income

$76,500

Median Age

Walkability

96/100

Public Transport

95/10

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