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Suburb Insights ยท VIC 3127

Surrey Hills 3127, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Surrey Hills is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 13,655, making it a smaller community. Located approximately 12 km from the Melbourne CBD, Surrey Hills is a middle ring area in Victoria. The median household income is $130,156 AUD per year (ABS 2021 Census).

Investment Score

81 / 100 Strong

Above-average earnings in Surrey Hills support sustained property values. The short commute to the city centre is a key demand driver.

Location

Map shows Surrey Hills, Victoria, Australia.

Key Indicators

Postcode
3127

Official Australia Post postcode for Surrey Hills. A postcode may cover multiple suburbs.

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Population
13,655

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$462/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$130,156/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
12 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
3

Estimated 3 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
5

Estimated 5 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$3,000/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
62% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Surrey Hills's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $462/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $3,000/month. A median household income of $130,156/year supports premium property values and indicates a well-employed resident base.

Investment Strategy

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Buy & Hold

Solid fundamentals in Surrey Hills support capital growth over a medium to long hold period.

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Rental Yield

Strong tenant demand in Surrey Hills underpins consistent rental income and low vacancy risk.

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Renovation / Flip

Renovation projects in Surrey Hills can capture the gap between unrenovated and updated property prices.

Risk Factors

Run the numbers on a Surrey Hills property

Full Property Analysis

30-year projections for Surrey Hills

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Strong Rental Demand: Moderate Investor Sentiment: Strong

The outlook for capital growth in Surrey Hills is encouraging heading into 2026, driven by constrained supply and buyer competition. Tenants in Surrey Hills have options โ€” presenting well-maintained properties is key to minimising vacancy. Overall, investor sentiment toward Surrey Hills is positive, backed by solid fundamentals.

Frequently Asked Questions

Is Surrey Hills a good suburb for investment?

Surrey Hills is a middle ring area in Victoria with a population of 13,655. The median rent is $462/week and the median household income is $130,156/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Surrey Hills?

Key demand drivers in Surrey Hills include established amenities and transport access. 62% of dwellings are separate houses. The area has approximately 3 schools and 5 parks nearby.

What is the population of Surrey Hills?

According to the ABS 2021 Census, Surrey Hills has a population of approximately 13,655. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Surrey Hills from the Melbourne CBD?

Surrey Hills is approximately 12 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This is within comfortable commuting range with good transport links.

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