Stop paying
Surrey Hills’s wrong
manager.
Surrey Hills landlords lose an average of $3,700+ a year without realising it. Not bad luck. Not a bad market. The wrong property manager.
What your current setup could be costing you
Surrey Hills-calibratedSelf-managing isn't the only way to lose money on a rental. An agency that isn't reviewing your rent, marketing a vacancy properly or chasing arrears can cost just as much. This estimates the gap between your property's current performance and what Surrey Hills's market conditions actually support.
Illustrative estimate from the figures you enter above, not a guarantee. Assumes 52 weeks/year.
Surrey Hills market benchmarks
Cited, dated data| Measure | Surrey Hills | Source |
|---|---|---|
| Median rent, unit | $625/wk | REIV Market Insights, current quarter (accessed Aug 2026) |
| Median rent, house | $900/wk | REIV Market Insights, current quarter (accessed Aug 2026) |
| Median sale price, unit | $820k | REIV/Domain, sales within last 12 months (accessed Aug 2026) |
| Median sale price, house | $2m | REIV/Domain, sales within last 12 months (accessed Aug 2026) |
| Gross rental yield, unit | 4.0% | AgentSelector calculation(rent × 52) ÷ price, from the rows above |
Suburb outlook
Market snapshotWe haven't published a full Landlord Index score for Surrey Hills yet. A reliable score needs a suburb-level vacancy rate, and Surrey Hills's isn't available through a free public source right now (SQM Research's suburb-level chart requires a paid data view) — so rather than estimate one, here's what the public rent and price data does tell us.
| Measure | Figure | Source |
|---|---|---|
| Median rent, unit | $625/wk | REIV Market Insights, current quarter (accessed Aug 2026) |
| Median rent, house | $900/wk | REIV Market Insights, current quarter (accessed Aug 2026) |
| Median price, unit | $820k | REIV/Domain, sales within last 12 months (accessed Aug 2026) |
| Gross rental yield, unit | 4.0% | AgentSelector calc.(rent × 52) ÷ price |
This suburb gets a full Landlord Index score (like Richmond and Sandringham) once a public vacancy-rate figure is confirmed for it, or once HTAG Analytics access is live — whichever comes first.
What's happening in the Surrey Hills market
Updated quarterlySurrey Hills vs. nearby suburbs
Comparison framing| Suburb | Median rent (unit) | Median price (unit) |
|---|---|---|
| Surrey Hills | $625/wk | — |
| Box Hill | $600/wk | — |
| Canterbury | $650/wk | — |
| Camberwell | $650/wk | — |
Frequently asked
FAQPage schema on publishWhat's the average property management fee in Surrey Hills?
Property management fees in Melbourne suburbs like Surrey Hills typically sit in a defined range of the weekly rent, plus a separate letting fee charged when a new tenant is placed. Exact fees vary by agency and by the level of service included.
What's the current vacancy rate in Surrey Hills?
A suburb-level vacancy rate for Surrey Hills isn't currently published through a free public source. We'll add it as soon as one becomes available, or once our HTAG Analytics integration is confirmed.
What's the median rent for a unit in Surrey Hills?
$625 per week, according to REIV Market Insights, current quarter (accessed Aug 2026). Source: REIV Market Insights
Methodology & sources
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A suburb-level vacancy rate for Surrey Hills isn't available from a free public source right now. Median unit rent currently sits at $625/wk, with houses at $900/wk (REIV Market Insights, current quarter (accessed Aug 2026)), against a median unit sale price of $820k, putting the gross rental yield at 4.0%.
Without a confirmed vacancy figure, the safest read is the yield: a rental returning close to or above the Melbourne unit benchmark suggests healthy underlying demand, but getting the basics wrong (slow listing, above-market asking rent) still costs more the tighter the true market is. Surrey Hills is predominantly detached houses with a smaller, growing stock of units and townhouses, served by Surrey Hills and Chatham stations on the Belgrave/Lilydale lines.