Surrey Hills, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Surrey Hills
VICCensus 2021 · Population 13,653
Surrey Hills is a suburb with a population of 13,653, characterized by a median age of 42, which is slightly higher than the Victorian average of 38. The suburb has a balanced gender distribution with 47.7% male and 52.3% female residents. Families are a significant part of the community, with 51.9% of households being couples with children and 35.1% being couples without children. The area is predominantly owner-occupied, with 41.8% of homes owned outright and 34.7% owned with a mortgage. The housing stock is mainly separate houses, making up 66.9% of the dwellings.
Key Highlights
- Highly educated population - 52.6% hold bachelor degrees (vs VIC 29.2%)
- High median household income - $2,503 weekly (vs VIC $1,759)
- Predominantly English-speaking - 77.2% speak only English at home
- Owner-dominated housing - 66.9% separate houses
- Low unemployment rate - 4.2% (below VIC average)
Things to Consider
- Higher property prices may challenge first-home buyers
- Median age is higher than state average, may not appeal to younger demographics
- Limited public transport use at 5.1%
- High percentage of high-income households may indicate cost of living concerns
- Significant portion of the population has long-term health conditions
What's it like living here?
Daily life in Surrey Hills is characterized by a strong community feel, with many residents working from home (44.6%) and a high participation in the labor force (66.3%). The suburb has a high percentage of professionals (40.6%), indicating a well-educated and career-focused population. Commuting is facilitated by a mix of car use and public transport, although a significant portion of the population works from home.