AT A GLANCE
72
total lots in this scheme
Managed by Bay Strata Pty Ltd. Located in Surry Hills, NSW. 215 other strata plans nearby
Lots
72
Year built
1985
Last report
—
Boundary sourced from NSW Spatial Services (StrataHub).
About this building
492-500 Elizabeth Street is a 72-lot mixed-use strata scheme in Surry Hills, registered in 1985 and now about 41 years old. It is managed by Bay Strata Pty Ltd and is one of 216 strata plans in Surry Hills (Sydney council area). Every unit at 492-500 Elizabeth Street (lots 1–72) is part of strata scheme SP22528, so the levies, by-laws and disputes below apply to all of them. We found no NCAT tribunal decisions naming SP22528.
Buyer's snapshot
Everything a buyer should know about 492-500 Elizabeth Street, on one page
- A red/amber/green verdict on each risk, with the evidence
- Plain-English summaries of every tribunal and court case
- Questions to ask the agent and strata manager
- A PDF you can forward to your conveyancer
Plan Details
- Plan Number
- SP22528
- Registered
- 1985-03-14
- LGA
- SYDNEY
- Postcode
- 2010
Lot Breakdown
- Total Lots
- 72
- Residential
- 66
- Commercial
- 6
Building Age
41
years old
Registered 14 March 1985
Heritage-age building. Expect ongoing major maintenance costs. Check for heritage listing which may affect renovation options
Strata Manager
Disputes in Surry Hills
No published decision names this building. Across Surry Hills, 20 decisions name a strata plan — spread over 9 buildings.
- NCAT (tribunal)
- 14
- Court
- 6
- Buildings involved
- 9 of 216
- Per 1,000 lots
- 2.57 (NSW 1.12)
NCAT cases are usually internal to a scheme — by-laws, levies, repairs, access to records. Court cases usually involve builders or insurers over defects, because those claims exceed the tribunal's jurisdiction. These are published decisions only — most strata disputes settle or are resolved without a judgment, so this is a floor, not a count. See the Surry Hills suburb profile.
Comparable Buildings in Surry Hills
Other strata plans in the same suburb, ordered by similarity in building size.
| Building | Lots |
|---|---|
| 679-695 Bourke Street SP8153 | 72 |
| 543-551 Elizabeth Street SP48226 Managed by Real Property Services Pty Ltd | 73 |
| 28 Pelican Street SP59038 Managed by Dynamic Property Services Pty Ltd | 73 |
| 188 Chalmers Street SP53094 Managed by Jamesons Strata Management Eastern Suburbs Pty Limited | 73 |
| 209 Albion Street SP72314 Managed by Strata Plus Pty Ltd | 71 |
| 74-80 Reservoir Street SP57988 Managed by G K Strata Management Pty Ltd | 71 |
Comparables are other strata plans in Surry Hills with similar lot counts.
Other strata buildings on Elizabeth Street
- 242 Elizabeth Street
SP61439 · 190 lots
- 400-412 Elizabeth Street
SP71569 · 157 lots
- 446-458 Elizabeth Street
SP44070 · 121 lots
- 543-551 Elizabeth Street
SP48226 · 73 lots
- 230 Elizabeth Street
SP58635 · 58 lots
- 228 Elizabeth Street
SP99601 · 57 lots
- 517-527 Elizabeth Street
SP90867 · 45 lots
- 507-515 Elizabeth Street
SP60233 · 36 lots
More buildings managed by Bay Strata Pty Ltd
- 15 Young Road, Carlingford
SP85796 · 129 lots
- 2-4 Purser Avenue, Castle Hill
SP76430 · 104 lots
- 133-137 Bowden Street, Meadowbank
SP98547 · 58 lots
- 3 Boyle Street, Sutherland
SP109236 · 41 lots
- 1-7 Young Road, Carlingford
SP75327 · 39 lots
- 904 Botany Road, Mascot
SP98596 · 38 lots
Risk & History
Sales History
Recent Sales
| Date | Unit | Price |
|---|---|---|
| 23 June 2025 | Lot 17 | $795,000 |
| 19 Mar 2025 | Lot 22 | $705,000 |
| 14 Sept 2024 | Lot 1 | $712,500 |
| 27 July 2024 | Lot 5 | $955,000 |
| 1 May 2024 | Lot 27 | $832,000 |
| 27 Apr 2024 | Lot 35 | $1,060,000 |
| 9 Dec 2023 | Lot 24 | $921,000 |
| 7 Aug 2023 | Lot 29 | $880,000 |
| 19 Oct 2022 | Lot 62 | $635,000 |
| 28 July 2022 | Lot 68 | $630,000 |
54 sales total
Source: NSW Valuer General. Prices are as reported in settlement data and may not reflect current market values. Sales marked “Price withheld” are excluded from price calculations.
Development History
Original Construction · 3 storeys · 1 dwelling
Estimated cost: $99K · Assessed by Council of the City of Sydney
Development Application
DeterminedNearbyAlterations and additions to residential development
PAN-312028
Development Application
DeterminedSignage, Other
PAN-277850
Looking for the builder or developer?
Search for the application number (e.g., PAN-312028) on the NSW Planning Portal Application Tracker to view the full DA details, including the applicant, builder, and principal certifier.
Source: NSW Planning Portal Open Data API (2019+). Earlier development applications may not be available. Items marked "Nearby" were matched by location proximity (within 100m) rather than direct plan number reference.
Crime Statistics
These statistics cover the entire Sydney local government area, not this specific property.
Crime rates in Sydney LGA are significantly higher than the NSW state average. (Oct 2024 - Sep 2025)
Source: NSW Bureau of Crime Statistics and Research (BOCSAR). Rates are per 100,000 population. Rank is out of 119 LGAs (1 = highest rate).
Neighbourhood
Suburb Profile
SURRY HILLS, NSW 2010
Transport Accessibility
Transport Score: A
Excellent public transport access
Nearest Train
Central
605m away · ~8 min walk
Nearest Metro
Waterloo
1.2km away · ~15 min walk
Nearest Light Rail
Surry Hills Light Rail
346m away · ~4 min walk
Bus Stops
17 within 500m · 71 within 1km
Source: Transport for NSW GTFS data (CC BY 3.0 AU). Distances are straight-line (not walking). Walking times assume 80m/min. Transport Score is indicative only.
Short-Term Rentals Nearby
44
Listings within 200m
$198
Median / Night
8
Commercial Hosts
11
High Availability
Listing Types
Nearest Listings
Ultra convenient location #1
$217
/night
Homely Surry Hills apartment
N/A
Elegant, Central, Quiet City Oasis
$265
/night
Stylish Surry Hills Apartment
$289
/night
Stuart Gardens
$174
/night
NSW Short-Term Rental Rules
- •180-day cap for non-hosted short-term rentals in Greater Sydney (60 days in some fire-prone or Byron Shire areas)
- •Strata schemes can ban non-hosted STRA via a Section 137A by-law (requires 75% special resolution)
- •All STR properties must be registered on the NSW STRA Register
Source: Inside Airbnb (CC BY 4.0). Data is from a periodic scrape of Airbnb listings and may not be current. "Commercial hosts" are those with 3+ total listings. "High availability" = listed 180+ days/year.
School Catchment Zones
This property falls within the following NSW government school intake areas.
Primary
Bourke St PS
primary
Secondary
Inner Sydney HS
high coed
Source: NSW Department of Education. Catchment zones are updated nightly and subject to change. Visit School Finder for official information.
BUILDING BASICS
- Lots
- 72
- Residential
- 66
- Commercial
- 6
- Year built
- 1985
- LGA
- SYDNEY