Surrey Hills
Suburb profile, market snapshot and recent listings for Surrey Hills, VIC 3127.
About Surrey Hills
Welcome to Surrey Hills
Surrey Hills sits roughly 12 kilometres east of the Melbourne CBD, tucked between Mont Albert, Balwyn, Mont Albert North, Balwyn North and Canterbury in the city's leafy inner-eastern suburbs. It's the kind of place where tree-lined streets, Edwardian and Victorian-era homes, and a distinctly villagey shopping strip create an atmosphere that feels settled and established rather than trend-driven.
With a population of 13,655 and a median age of 42, Surrey Hills tends to suit families and professionals looking for space, character housing and good schools within easy reach of the city. It's a suburb that rewards those willing to pay for permanence and pedigree over pure convenience, though as it happens, it offers a healthy dose of the latter too.
Lifestyle & dining
Surrey Hills' character is best experienced along its two historic shopping villages, Union Road and Canterbury Road, where period buildings house cafes, bakeries, delis and independent retailers rather than chain outlets. It's a suburb that favours a slower pace – a coffee at a local cafe, a browse through a bookshop, a wander past well-kept federation homes – over the buzz of a big-name strip.
The proximity to Balwyn and Canterbury means residents also have easy access to those suburbs' respective dining and retail scenes, while the general leafiness and quiet of the area appeals to those who want inner-city access without inner-city intensity.
Schools & families
Education is one of Surrey Hills' strongest drawcards. Surrey Hills Primary School and Chatham Primary School are both well-regarded local options, while Our Holy Redeemer School and Our Lady of Perpetual Succour School add further Catholic primary choices within the immediate area. The suburb's proximity to Mont Albert, Balwyn and Balwyn North also puts several respected secondary colleges within easy reach, a factor that consistently draws families to this pocket of the inner east.
Getting around
Surrey Hills is well served by the Belgrave and Lilydale railway lines, with Surrey Hills station providing a direct run into the city, making it a genuine option for commuters who want established housing without giving up train access. Tram and bus routes supplement the rail line, connecting residents to neighbouring Balwyn, Canterbury and Camberwell, while Union Road and Canterbury Road provide straightforward car access to the Eastern Freeway and surrounding arterial roads.
Housing & architecture
The housing stock here leans heavily toward traditional character homes – think Edwardian weatherboards, Victorian villas and interwar brick bungalows on generous blocks, many of them heritage-overlaid streets that give the suburb its distinctive, leafy streetscapes. Current listings show houses still dominate at 56% of the market, with apartments and units making up 33% and townhouses the remaining 12%, reflecting a suburb where established family homes remain the dominant drawcard, even as some higher-density housing has crept in around the fringes and shopping strips.
The property market
Surrey Hills sits firmly in premium inner-east territory, with a median house price of $2.12 million and a median unit or apartment price of $815,000, underlining the gap between its house-buyer market and those seeking a more affordable entry point. Median rents of $1,070 a week reflect strong ongoing demand from tenants for the suburb's location and school catchments.
Recent figures show house prices have eased slightly, down 2.5%, a modest pullback that's worth watching in the context of the broader inner-eastern market rather than a sign of falling demand for the suburb itself. With its scarcity of stock, character housing and school appeal, Surrey Hills tends to hold its value over the longer term even when short-term figures soften.
Market snapshot
Surrey Hills property market
Median sale price
$2.12m
House · 4 bed
Median rent
$1,070
per week
Gross rental yield
2.6%
annual rent ÷ sale price
Typical price range
Entry
$1.46m
Median
$2.12m
Premium
$3.47m
Days on market
64
Auction clearance
62%
Sold this year
79
Median sold price trend · House 4 bed
Compound growth -3.0% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Surrey Hills by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Surrey Hills, VIC 3127.
Population
13,655
residents (2021)
Median age
42
years
Household income
$2,503
median, per week
Median rent
$462
per week
Median mortgage
$3,000
per month
Mortgage / income
28%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Surrey Hills
Government school catchment
Independent & Catholic schools
Recent results
Recently sold in Surrey Hills
$2.20m
56 Essex Road
Sold ~July 2026
$1.57m
2/575 Whitehorse Road
Sold ~July 2026
$900k
3/49 Wandsworth Road
Sold ~July 2026
$1.33m
3/72 Essex Road
Sold ~July 2026
$1.30m
1/32 Russell Street
Sold ~July 2026
$1.58m
15 Middlesex Road
Sold ~July 2026
$1.39m
3/942 Riversdale Road
Sold ~June 2026
$665k
102/932-936 Riversdale Road
Sold ~June 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Surrey Hills
Compare the area
Price map around Surrey Hills
Every listing for sale near Surrey Hills, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Nearby suburbs
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Common questions
Surrey Hills suburb FAQ
What is the median property price in Surrey Hills?
The median house price in Surrey Hills, VIC is $2.12m for a 4-bedroom home. Over the past year, median sold prices have fallen about 2.5%.
How much is rent in Surrey Hills?
The median weekly rent in Surrey Hills is around $1,070 per week.
Is Surrey Hills a good place to live?
Surrey Hills is a suburb of Melbourne, Victoria, Australia, 11 km east of Melbourne's Central Business District, located within the Cities of Boroondara and Whitehorse local government areas. Surrey Hills is an established residential suburb in VIC, with a population of around 13,655 and 4 schools in the area.
What is the population of Surrey Hills?
Surrey Hills has a population of 13,655 (ABS 2021 Census), with a median age of 42.
What schools are in Surrey Hills?
There are 4 schools in or near Surrey Hills, including Chatham Primary School, Our Holy Redeemer School and Our Lady of Perpetual Succour School.
How long do homes take to sell in Surrey Hills?
Properties in Surrey Hills take around 64 days to sell on average, with an auction clearance rate of about 62%.
How much do you need to buy in Surrey Hills?
Entry-level properties in Surrey Hills start around $1.46m, while premium homes reach $3.47m.
What suburbs are near Surrey Hills?
Suburbs near Surrey Hills include Mont Albert, Balwyn, Mont Albert North, Balwyn North and Canterbury.
Fresh to market
New this week in Surrey Hills
Elegant single level ( One of Only Two )
Clinker Brick. Timeless. Charmer.
Edwardian elegance in a premier family setting.
Available now