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City of Boroondara
Surrey Hills

Surrey Hills Property Market
& Suburb Profile

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MEDIAN PRICES IN SURREY HILLS

Median house price

(all agencies, last 12 months)$2.3m*

House price change

(all agencies, last 12 months)+2.22%

Median unit price

(all agencies, last 12 months)$950k*

Unit price change

(all agencies, last 12 months)+5.56%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

SURREY HILLS PRICE TRACKER

HousesUnits

SURREY HILLS SALES OVERVIEW

  • Sold by Auction 69%
  • Sold by Private Sale or Other Method 31%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)26

Average days on market (units)

(all agencies, 12 months)29

Auction clearance rate in Surrey Hills

(all agencies, last 12 months)68%

Average held period in Surrey Hills

(proptrack)15 years

SURREY HILLS INVESTOR STATISTICS

Median rental price for Houses

(all agencies, last 12 months)$1,007pw

House rental price change

(all agencies, last 12 months)0.01%

Median rental price for Units

(all agencies, last 12 months)$686pw

Unit rental price change

(all agencies, last 12 months)0.05%

Average rental yield for Houses

(all agencies, last 12 months)2.4%

Average rental yield for Units

(all agencies, last 12 months)3.99%

Surrey Hills total population size

(as at the last census)13,655

Median household size in Surrey Hills

(as at the last census)2.6

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

SURREY HILLS PROPERTY TYPES

  • Houses 39%
  • Units 28%
  • Other 33%

OCCUPANCY IN SURREY HILLS

  • Owned 76%
  • Rented 22%
  • Other/Not Stated 2%
  • Singles 23%
  • Families 74%
  • Other 3%

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ABOUT SURREY HILLS

Surrey Hills is a highly esteemed and consistently sought-after inner-eastern suburb, located approximately 11 kilometres east of the Melbourne CBD, renowned for its exquisite leafy streetscapes, heritage architecture, and exceptionally high quality of family life.

The suburb is celebrated for its abundant parklands and gardens, which contribute to a beautiful residential atmosphere, with the housing stock predominantly composed of magnificent, well-preserved Federation and Edwardian homes on generous blocks, commanding a high price point and attracting established, affluent families.

Community life revolves around the charming local shopping hubs, notably the Union Road Village and the Surrey Hills Village on Canterbury Road, which offer a delightful mix of cafes, specialty retailers, and essential services, fostering a strong sense of local pride and cohesion.

Education is a primary drawcard for the area, with numerous excellent public and private schools, including Surrey Hills Primary School and proximity to many of Melbourne’s elite private colleges, which strongly underpins long-term property values and demand.

Connectivity is superb, with two train stations, Surrey Hills and Union (recently upgraded as part of the level crossing removal project), on the Belgrave/Lilydale line providing fast, direct rail access to the city, complemented by excellent tram and bus routes.

For investors, Surrey Hills represents a secure, blue-chip market where the combination of enduring prestige, premium housing, and outstanding transport and educational amenity guarantees consistent demand and robust capital growth.

Photo Above Source: Wikipedia, by Peter Campbell

Education

Chatham Primary School
Our Holy Redeemer School
Our Lady of Perpetual Succour School
Surrey Hills Primary School
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SALES COMPARISON

Find out how Surrey Hills median sales prices compare to neighbouring suburbs.

SURREY HILLS MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
20260-no change0$0pw%
2025280$1,625,0002.22%250$847pw3.19%
2024312$1,575,000-5.86%288$823pw3.05%
2023289$1,662,5005.29%290$813pw2.99%
2022262$1,572,750-1.41%396$718pw2.71%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
20260-no change
2025280$1,625,000+2.22%
2024312$1,575,000-5.86%
2023289$1,662,500+5.29%
2022262$1,572,750-1.41%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
20260$0pw%
2025250$847pw3.19%
2024288$823pw3.05%
2023290$813pw2.99%
2022396$718pw2.71%

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 December 2024 to 31 December 2025, last updated 31 December 2025.