In today’s uneven property market, a suburb such as Surry Hills – with its strong rental demand and unrivalled amenity – remains a smart place to invest.Surry Hills is abuzz with residents drawn into its dynamic and eclectic character. Packed with art galleries, bars, restaurants, transport and green spaces, it’s a suburb that offers something for everyone.
“The benefit of this Surry hills location is that it is also very close to Oxford St and Paddington and the Eastern suburbs market. It’s also about the views, apartments in great locations with views will experience growth, as an investment it’s not all about yield. People see values in apartment with great views which these apartments have. The location and views underpin the values for an investment” – Colin Griffin Director of Residential Projects CBRE
Surry Hills is rich in history and offers very limited opportunities for new developments; due to the lack of new apartment supply in this suburb’s tightly held market, there’s only a 1.15 p.a. expected increase of population by 2036. A rare Surry Hills offering, The Rathbone creates the juxtaposition of a modern form that is seamlessly woven into the heritage landscape.
The Sydney city fringe investment property market continues to go from strength to strength, and research is showing that tight tenancy markets will continue to drive rental growth. Over the last five years preceding June 2018, Sydney’s LPA, which includes Surry Hills, has generated annual rental increases of approximately 3% p.a. In addition, as of August 2018, Surry Hills’ vacancy rate is approximately 2.8%, which is lower than the surrounding eastern suburbs (2.9%), North Shore (3.9%) and Sydney’s CBD (2.9%).
For savvy investors, city fringe suburbs such as Surry Hills will always be in demand thanks to both rental demand and steady investment values. Residential strata units in Surry Hills have generated a 8.5% p.a. capital growth on average over the last 10 years, compared to Sydney’s CBD at only 7.8%. The most liquid properties remain in the city fringe, giving investors plenty of scope to hold, or sell.
With a high calibre project such as The Rathbone, off-the-plan buyers can take advantage of big stamp duty savings or exemptions (whether they’re first home buyers or not). The development also meets stringent energy efficiency requirements, allowing for low ongoing maintenance and body corporate fees. The Rathbone is an investment that has been curated for success, boasting a hand-selected team of collaborators that are equally focused on the pursuit of excellence.
AVID Property Group is an Australian firm that creates places where people love to belong. They’re renowned for building well-proportioned homes that feature all the essential elements for a solid long-term investment – residences that deliver a level of lifestyle to suit long-term and discerning tenants. The Rathbone is DA Approved, a status that confirms the build site and plans are council approved and ready for development.
Surry Hills is a highly sought-after, inner-city zone that is upscale, vibrant and alive with a growing community. The Rathbone now takes the inner-city living to the next level with its high quality of architecture, design and craftsmanship. It will be a new landmark for Surry Hills enjoyed by owners today, and by generations to come.