Surry Hills the hottest Sydney suburb
Surry Hills has been described by estate agent John McGrath as the hottest suburb in Sydney.
It emerged in a tweet from Neale Whitaker who was at a property seminar. No ordinary spruiking event as this one was sponsored by Coco Republic.
A check by Property Observer of the RP Data indicators suggests the suburb has a median house price of $940,000, which is up 5% annually, and 12% over the past five year.
But it appears private treaty vendors are required to discount by 13.2% which appear a little higher than other neighbouring suburbs. Darlinghurst's required discount is 6% and Redfern is 9%, according to RP Data.
Last year Surry Hills was ranked as the 23rd most stylish neighbourhood in the world, according to lifestyle magazine Complex, which was founded by American fashion designer Marc Ecko.
The ranking says Surry Hills is Sydney's main hub for fashion, with a number of notable businesses including Dear Pluto, Reuben Hills, Via Alley, Holy Kitsch! and Bourke Street Bakery.
“Crown Street, the heart of the neighbourhood, is where you'll find all of the restaurants, bars, and coffee shops,” author Julian Kimble writes.
