Redfern, 2016 ranked 353th in NSW when comparing growth in median property values or capital gain over the last 12 months. Redfern is one of 3163 in our list for NSW
Across a shorter period, Redfern, 2016 has seen a median price increase of -0.09% over the last quarter.
At number 441 in a list of fastest selling suburbs, Redfern is in the TOP 20% of suburbs in Australia with an average of days on market 50.5 for properties listed there.
Situated 2.87km from the CBD, Redfern is one of Sydney (C) localities in the postcode 2016.
Redfern is in the bottom 30% in NSW when comparing median price capital growth over the last year. Redfern gave property investors a disappointing capital gain figure when compared to the rest of the state, with -6.69%.
When looking at the potential capital gains offered to property investors over the last 3 years, Redfern comes in at number 66th in NSW.
Property buyers and investors in Redfern 2016 should be seeing an average reduction in asking price of around -7.22% . This means that Redfern is holding prices well when compared to other suburbs in NSW.
Redfern is 430th on a list of best yielding suburbs for rents in NSW with a 3.48% return
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October 2017
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Prestige suburb maintains status
Postcode: 2016
Median house price: $1,567,500
Three-year growth: 56.0%
Rental yield: 2.7%
Gentrification has transformed the suburb of Redfern into a prestige area. It has been recording consistent growth for at least five years, and this trend looks to continue into the near future.
Located just 3km from the Sydney CBD, Redfern is a bustling commercial hub that draws city dwellers. Shopping is concentrated at Redfern Street, and to the east is the Redfern railway station. This station is the one closest to the University of Sydney at Camperdown and Darlington; thus, a constant flow of commuters keeps the area busy. In addition to being near the university, Redfern is the site of St Andrew’s Greek Theological College.
Redfern is a significant place to the Aboriginal community as the site of The Block, where many members of this community were given access to housing.