SURREY DOWNS

Positioned within the entry-level sector of the market, Surrey Downs has evolved into a locality defined by its distinct property landscape. The suburb currently holds a median house price of $736k. Retrospective data highlights a period of significant value appreciation. Over the past five years, capital values have shifted by 86%, a figure that reflects a fundamental re-rating of the suburb's desirability amongst buyers seeking exposure to this specific price bracket.

Lifestyle Profile

The visual fabric of Surrey Downs is evolving rapidly. It is a mix of the old and the new, where original cottages sit alongside brand-new townhouse developments, signaling a shift in capital investment.

This is a pragmatic, hardworking community. The residents are a diverse blend of long-term locals and ambitious new entrants, creating an unpretentious and welcoming environment.

Amenity-wise, the suburb is often a 'convenience hub.' Positioned near major transport corridors or train lines, it prioritizes accessibility to employment centers over luxury retail.

The Demographic Profile

Understanding the resident base is key to understanding the market floor. Local data suggests a median household income of approx $90,000. This places Surrey Downs in a bracket where dual-income households are the norm for mortgage serviceability. It reflects a competitive environment where buyers are likely professional couples or established families.

Education & Catchments

School catchment zones are a primary driver of long-term property demand. The area is serviced by facilities such as The Heights School. For many buyers, the presence of local schooling creates a 'village' feel and ensures consistent demand from young families moving into the area.

From a data perspective, Surrey Downs stands out for 'Education Efficiency'. With a Price/ICSEA ratio of $12,692 per point, the suburb offers a statistically attractive entry point for parents prioritizing education relative to property cost.

Market Outlook

Data indicates a robust performance, with 86.1% growth over 5 years. This suggests the area has been 'discovered' by the broader market.

Quick FAQ about Surrey Downs:

• Is Surrey Downs expensive? With a median price of $736k, it is considered a entry level market, often attracting buyers seeking accessible living standards.
• What are the schools like? The catchment for The Heights School is a major driver of local demand.