Surry Hills vs Chippendale.
Comparing two suburbs with median house prices of $2,345,000 and $1,890,000. Surry Hills edges out on more headline metrics in this comparison.
Chippendale (median $1,890,000) is roughly 24% cheaper to buy into than Surry Hills ($2,345,000). Over the past year, Surry Hills (+4%) ran 6.2 percentage points ahead of Chippendale (-2.2%) on house-price growth.
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 $1,890,000 median, 24% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Investors face a yield-versus-growth split: Chippendale delivers the better gross yield (1.44% vs 1.22%), but Surry Hills has run faster on capital growth this year. The right pick depends on whether you're optimising for cash flow or capital appreciation.
For families
Surry Hills edges out on average school ICSEA (1080 vs 1043).
Common questions
Is Surry Hills or Chippendale cheaper to buy in?
Chippendale has the lower median house price at $1,890,000, roughly 24% below Surry Hills ($2,345,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Surry Hills or Chippendale?
Over the past 12 months, Surry Hills grew +4% vs -2.2% in Chippendale, a gap of 6.2 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 Surry Hills or Chippendale 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, Surry Hills or Chippendale?
Gross rental yield on houses is 1.44% in Chippendale vs 1.22% in Surry Hills. 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.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
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