Surrey Hills Property Growth
VIC · 3127 · Greater Melbourne
A leafy inner-east Melbourne suburb within Boroondara, known for period housing and strong school catchments.
Overview
Location: City of Boroondara / City of Whitehorse
A leafy inner-east Melbourne suburb within Boroondara, known for period housing and strong school catchments.
Market Snapshot
Median House Price
$2.12m
Median Unit Price
$815k
Avg Days on Market
64 days
Demographics
Estimated Population
13,606
Owner Occupier Rate
78.0%
Renter Rate
22.0%
Transport & Connectivity
Major Roads
- Canterbury Road
- Union Road
- with Eastern Freeway access nearby
Train Lines
- The historic Surrey Hills station (1883) closed in 2023 under the Level Crossing Removal Project and was replaced by the new Union station, serving the Belgrave and Lilydale lines — around 25 minutes to the CBD
Tram Routes
- Routes along Riversdale Road and Whitehorse Road
Surrey Hills is approximately 12km east of the Melbourne CBD, split between the cities of Boroondara and Whitehorse, between Camberwell and Box Hill. Verify current timetables and traffic conditions before relying on any commute estimate.
Education
Surrey Hills is prized for its school access.
Primary Schools
- Surrey Hills Primary School
- Chatham Primary School
- Our Holy Redeemer School (Catholic)
Childcare
Nearby: Some of Melbourne's most prestigious independent schools — Camberwell Grammar, Strathcona and Fintona among them — are minutes away. A range of long day care, kindergarten and outside school hours care providers operate across Surrey Hills. Always verify availability and waitlists directly with providers.
Amenities & Lifestyle
The Union Road village strip — boutique retailers, artisan cafés, grocers — is the suburb's heart, with Camberwell Junction and Box Hill Central nearby for larger retail. Wide, leafy streets of preserved Victorian, Edwardian and Federation homes define the streetscape, one of the east's most consistently heritage-rich.
Employment
Surrey Hills is predominantly residential, with local employment in village retail, healthcare and education services.
Commercial Centres
- Union Road strip
- Whitehorse Road shops
Infrastructure
The Union Road level crossing removal and new Union station (replacing the former Surrey Hills and Mont Albert stations) is the suburb's most significant recent infrastructure change. No further projects beyond those noted above are currently confirmed for Surrey Hills. Check Infrastructure Australia's project pipeline, State Government announcements or the City of Boroondara or City of Whitehorse websites for the latest updates.
Growth Drivers
- New Union station — the historic Surrey Hills station closed in 2023 under the Level Crossing Removal Project and was replaced by the new Union station on the Belgrave and Lilydale lines, around 25 minutes to the CBD.
- Prized school access — Surrey Hills Primary School and Chatham Primary School serve the suburb directly, with prestigious independent schools including Camberwell Grammar, Strathcona and Fintona minutes away.
- Heritage-rich streetscape — wide, leafy streets of preserved Victorian, Edwardian and Federation homes make Surrey Hills one of the east's most consistently heritage-rich suburbs.
- Village retail character — the Union Road strip's boutique retailers, artisan cafés and grocers give the suburb a distinct local heart, with Camberwell Junction and Box Hill Central nearby for larger retail.
Key Risks
- Interest rate and lending sensitivity — like all property markets, local prices and buyer activity can be affected by changes in interest rates and lending conditions.
- Premium price point — the suburb's heritage character and school access typically command a higher entry price, which may limit the buyer pool.
- Heritage overlay constraints — preserved streetscapes may bring planning constraints on renovation or redevelopment for some properties.
Frequently Asked Questions
Surrey Hills offers a new rail station, prized school access and a heritage-rich streetscape, but every investor's circumstances and goals differ. This is general information, not personalised financial advice — consider speaking with a licensed financial adviser before making investment decisions.
Refer to the Market Snapshot section on this page for current median price data sourced from our live database.
Surrey Hills Primary School, Chatham Primary School and Our Holy Redeemer School serve the suburb, with Camberwell Grammar, Strathcona and Fintona nearby.
The new Union station, replacing the former Surrey Hills and Mont Albert stations, serves the Belgrave and Lilydale lines, around 25 minutes to the CBD. Verify current timetables and travel times before relying on any commute estimate.
The Union Road village strip is the suburb's heart, with Camberwell Junction and Box Hill Central nearby for larger retail.
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Use your own property price, growth rate and timeframe to estimate future property value, equity growth and total projected growth.
Calculate Future ValueSources
- ABSAustralian Bureau of Statistics — Census QuickStats— https://www.abs.gov.au/census
- Local CouncilCity of Boroondara— https://www.boroondara.vic.gov.au
- Department of Transport VictoriaDepartment of Transport and Planning Victoria— https://www.transport.vic.gov.au
- Victorian Planning AuthorityVictorian Planning Authority— https://vpa.vic.gov.au/
- Infrastructure AustraliaProject Pipeline— https://www.infrastructureaustralia.gov.au
This content is for informational and educational purposes only. It does not constitute financial advice. Nothing on this page constitutes financial, investment, legal or tax advice. Property markets are volatile and past performance is not indicative of future results. Always seek independent advice from a qualified financial adviser before making any property investment decision.