Surry Hills sits on the edge of the Sydney CBD with a walk score of 97 — one of the highest in Australia. With demand from professionals, creatives and hospitality workers, the suburb’s rental market is characterised by low vacancy, strong rent growth, and a high concentration of heritage terraces and boutique apartments.
Surry Hills Rental Market (2026)
| Metric | Houses | Units |
|---|---|---|
| Median Weekly Rent | $950 | $650 |
| Gross Rental Yield | 2.5% | 3.9% |
| Vacancy Rate | 1.0% | 1.2% |
| Annual Rent Growth | +7.1% | +8.0% |
What Makes Surry Hills Different to Manage
- High concentration of strata properties — strata levies, by-laws and committee dynamics matter
- Heritage overlay on many terraces — renovation approvals require council sign-off
- Tenant profile skews professional — presentation and response time matter more than in suburban markets
- Short stay demand is high — weigh Airbnb vs long-term with council rules in mind
Manage your Surry Hills investment from anywhere with the Collings Landlord Platform. Sign up free at collings.com.au/portal.
Manage your own rental, the smart way
Collings self-managed property management gives landlords the tools, automation and compliance support to manage their own rentals with confidence. Explore self-managed property management.
