All About Surrey Hills, Boroondara, VIC, 3127

Surrey Hills, located in the Boroondara region of Victoria, Australia, is a suburb known for its charming, tree-lined streets and a strong sense of community. The housing market in Surrey Hills is characterized by its diverse mix of architectural styles, ranging from beautifully preserved Victorian and Edwardian homes to more contemporary builds, reflecting the area's rich history and ongoing development. The strong demand for property in this area is driven by its idyllic setting, excellent schools, and convenient access to public transport, providing easy connectivity to Melbourne's central business district. As a result, the suburb is highly sought after by families, professionals, and retirees, leading to a competitive and often pricey housing market. The steady appreciation of property values in Surrey Hills indicates ongoing interest from buyers who value both the lifestyle and investment potential the suburb offers.

Living in Surrey Hills offers residents a blend of suburban tranquility and urban convenience. The suburb is renowned for its lush parklands, including the popular Surrey Gardens, which provides ample space for outdoor activities and community events. Residents enjoy a vibrant local culture, with a variety of cafes, boutique shops, and local markets contributing to a lively community atmosphere. The emphasis on quality education also makes it an attractive place for families, with several well-regarded schools in and around the area. The tree-lined streets and heritage homes create a picturesque living environment, while the active community groups and clubs ensure there are plenty of opportunities for social engagement. Overall, Surrey Hills combines the best of both worlds, offering a peaceful residential setting with easy access to the amenities of Melbourne, making it a highly desirable place to call home.

Surrey Hills Real Estate Market Outlook

Thinking about buying in Surrey Hills? Now could not be a better time, with 7360 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,483,000 with prices in this suburb ranging from $389,000 to $431,146,000. The aproximate distance to the coast is 10 Km.

Consistent high demand relative to supply is a key feature in Surrey Hills driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Surrey Hills ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Surrey Hills classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Surrey Hills necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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