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Surry Hills is a fantastic place to live, offering a delightful mix of urban charm and cultural vibrancy. Known for its creative flair and bustling atmosphere, this inner-city suburb is a haven for those who appreciate a lively and diverse community. Its proximity to Sydney's Central Business District makes it an ideal location for professionals seeking convenience and a dynamic lifestyle. The suburb's streets are lined with trendy cafes, boutique shops, and a variety of dining options, creating a vibrant social scene that attracts a wide range of residents, including families who enjoy the lively environment and easy access to amenities.

Families will find Surry Hills appealing due to its strong community vibe and the availability of green spaces, which provide a welcome respite from the urban hustle. The suburb's historic terrace houses and modern apartments offer a unique blend of living options, catering to different tastes and preferences. While the area is predominantly rental-based, this flexibility can be a draw for those who prefer not to commit to long-term homeownership. However, the trade-off for living in such a vibrant and central location is the higher cost of living and the bustling nature of the area, which might not suit those seeking a quieter lifestyle.

Safety is generally not a major concern in Surry Hills, but as with any busy urban area, it's wise to stay aware of your surroundings. The suburb's ongoing developments, including improved public transport options and new amenities, continue to enhance its appeal. While it may lack the tranquility of more suburban areas, Surry Hills more than makes up for it with its rich cultural offerings and energetic vibe, making it a truly nice place to call home for those who thrive in a lively and creative environment.

Living in Surry Hills is generally considered expensive, aligning with its trendy reputation and close proximity to Sydney's central business district. The current median house price is around $1,900,000, while units are priced at a median of $895,000. For those looking to rent, the average rent for houses is approximately $918 per week, and for units, it's about $775 per week.

When comparing these figures to the average wage in Sydney, which is about $91,000 annually, it's clear that a significant portion of one's income would be required to cover housing costs in Surry Hills. The median total household income in Surry Hills is $2,308 per week, which is higher than the average Sydney wage, suggesting that residents in this suburb typically earn more to afford the higher cost of living.

Overall, Surry Hills offers a vibrant lifestyle with its bustling cafes, restaurants, and cultural scene, but this comes with a hefty price tag. If you're thinking of living in Surry Hills, it's important to consider your financial situation and whether it can accommodate the expenses associated with this lively and desirable suburb.

Surry Hills is an intriguing suburb for investment, particularly if you're considering units. Over the past year, the median unit value has increased by 5.8%, and rental prices have risen by 6.9%. This indicates a strong demand for units, likely driven by the suburb's vibrant lifestyle and proximity to the CBD, making it a popular choice for young professionals and students.

While house values and rents have remained stable, the steady demand for units suggests a thriving rental market, which can provide a reliable income stream for investors. Surry Hills is known for its eclectic mix of cafes, restaurants, and cultural venues, which continue to attract a diverse range of residents. This cultural appeal, combined with its central location, ensures that Surry Hills remains a desirable place to live, keeping demand for properties high.

Overall, Surry Hills offers a compelling opportunity for investors, especially in the unit market. The suburb's unique character and strong rental demand make it a solid choice for those looking to invest in a dynamic and sought-after area.