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Surry Hills is a delightful suburb that offers a unique blend of urban living with a touch of bohemian charm. Its vibrant atmosphere and creative energy make it a fantastic place to call home. The suburb is known for its bustling café culture, trendy boutiques, and a thriving food scene, providing residents with a dynamic lifestyle. Families will appreciate the access to well-regarded schools, making it a suitable choice for those with children. The strong sense of community and diverse demographic contribute to the suburb's welcoming vibe, attracting a mix of young professionals, artists, and families alike.

Living in Surry Hills comes with the advantage of being just a stone's throw away from Sydney's CBD, ensuring excellent connectivity and convenience. The proximity to Central Station and easy access to light rail make commuting a breeze. However, the trade-off for this urban convenience is the higher cost of living, with property prices reflecting the suburb's desirability. While the area is predominantly rental-based, the historic terrace houses and modern apartments offer a charming mix of old and new.

Safety is generally not a major concern in Surry Hills, but as with any bustling urban area, it's wise to stay aware of your surroundings. The suburb's lively atmosphere means there's always something to do, from exploring the local arts scene to enjoying the numerous parks and green spaces. While it may lack the quietness of more suburban areas, Surry Hills offers a rich urban experience that is hard to beat for those seeking a vibrant and eclectic lifestyle.

Living in Surry Hills can be quite expensive, primarily due to its central location and vibrant lifestyle. The median house price is a staggering $2,537,500, while units are more affordable but still steep at $950,000. For those considering renting, the average weekly rent for houses is $918, and for units, it's $785. These figures suggest that housing costs in Surry Hills are significantly higher than in many other suburbs.

When you compare the average wage in Surry Hills, which is around $73,000 per year, to the average wage in Sydney, which is approximately $85,000 annually, it becomes apparent that the local income is slightly lower than the city's average. This discrepancy means that a larger portion of one's income would need to be allocated towards housing costs, making it a challenging area to afford for those earning an average salary.

While Surry Hills offers a dynamic and trendy lifestyle with its cafes, restaurants, and cultural scene, the cost of living, especially in terms of housing, is high. If you are thinking of living in Surry Hills, it's essential to evaluate your financial capabilities to ensure they align with the expenses associated with residing in this popular suburb.

Surry Hills presents a unique investment opportunity, especially for those interested in units. Over the past 12 months, the suburb has seen an impressive 8% increase in median unit values, indicating strong demand and potential for capital growth. This trend is mirrored in the rental market, with unit rents rising by 7.5%, suggesting a robust demand for rental properties in the area.

While house values and rents have remained stable, the consistent demand for units highlights Surry Hills as a vibrant and desirable location. Its proximity to the CBD, coupled with its eclectic mix of cafes, restaurants, and cultural attractions, makes it a hotspot for young professionals and students. This demographic is likely driving the demand for units, offering investors a reliable rental market and the potential for continued capital appreciation.

Overall, Surry Hills offers a compelling case for investment, particularly in the unit market. The suburb's dynamic lifestyle, combined with its steady growth in unit values and rents, makes it an attractive option for investors seeking both capital growth and rental income. With its central location and vibrant community, Surry Hills is well-positioned to maintain its appeal in the coming years.