Chippendale vs Surry Hills
Chippendale (median $2,035,000) is roughly 16% cheaper to buy into than Surry Hills ($2,415,000). Over the past year, Surry Hills (+18.7%) ran 9.6 percentage points ahead of Chippendale (+9.1%) on house-price growth.
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Chippendale and Surry Hills side by side
| Measure | Chippendale | Surry Hills |
|---|---|---|
| Price and market | ||
| Median house | $2,035,000 | $2,415,000 |
| Median unit | $830,000 | $940,000 |
| House price change, 12 months | +9.1% | +18.7% |
| Renting | ||
| House rent | $650/wk | $1150/wk |
| Unit rent | $915/wk | $830/wk |
| Owner occupied | 21.0% | 32.0% |
| Renter occupied | 76.0% | 65.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1043 | 1080 |
| Lifestyle and people | ||
| Walk score | 100 | 100 |
| Transit score | 30 | 100 |
| Bike score | 100 | 100 |
| Population | 7,803 | 15,828 |
| Median age | 28 | 35 |
| Climate | ||
| Annual rainfall | 1101 mm | 1101 mm |
| Mean max, January | 27.1°C | 27.1°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
On school quality, the average ICSEA across schools serving Surry Hills (1080) sits above Chippendale (1043). Surry Hills skews owner-occupied (32%), Chippendale runs more rental-dense (21% owner).
- For buyers
- Chippendale is the lower entry point at $2,035,000 median, 16% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Surry Hills carries both higher gross yield (2.48% vs 1.66%) and stronger 12-month growth. On the headline numbers, it's the cleaner investor case of the two.
- For families
- Surry Hills edges out on average school ICSEA (1080 vs 1043).
Chippendale vs Surry Hills: common questions
Is Chippendale or Surry Hills cheaper to buy in?
Chippendale has the lower median house price at $2,035,000, roughly 16% below Surry Hills ($2,415,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Chippendale or Surry Hills?
Over the past 12 months, Surry Hills grew +18.7% vs +9.1% in Chippendale, a gap of 9.6 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Does Chippendale or Surry Hills have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Surry Hills scores 1080 vs 1043 in Chippendale. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which suburb has higher rental yield, Chippendale or Surry Hills?
Gross rental yield on houses is 2.48% in Surry Hills vs 1.66% in Chippendale. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
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The two suburbs
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