Surry Hills is on the doorstep of the Sydney CBD. Trendy pubs, wine bars and galleries dot the area around Surry Hills Library, a community hub with a contemporary, sustainable design. Held once a month, Surry Hills Markets lure shoppers for snacks and vintage goods.
Type
Suitability
Apartment
Experienced Investors
City
Starting Price
Sydney
$1,500,000
Asset Class
Residential
Annual Growth
12%
Average Yield
3.0%
Population Growth
7%
House/Apartment Ratio
212%
Our key measures explained by Dr Andrew Wilson -
Chief Economist at Wealthi.
Annual Growth
Annual growth is a measure of the price growth in median prices for the asset type we are recommending. For example, if we're recommending a house investment, we will use median house price growth adjusted for any anomolies in the data.
Average Yield
Yield represents the total median rental income divided by the median asset price over the period. Our preference is to work with data across a large sample, to reduce any issues with one-off transactions which could skew the data.
Population Growth
Population growth is a great long term source for measuring long term demand. This isn't an instant measure, there are often lags with government population growth measurements. So we're really looking at the long term here and trying to find areas where population growth is greater then recent price growth.
House/Apartment Ratio
We look for apartments in areas where the price gap with houses is large. This is a long term strategy where we believe, apartments will rise in value and close the gap relative to houses. Areas where the house price to apartment ratio exceeds 150% are generally attractive for apartment investors.
Surry Hills