Suburb Profile Report for Redfern NSW (2016)

Redfern House: Median price $1,467,500, Annual capital growth 9.54%, Number of sales 89, Weekly median advertised rent $868

Redfern Unit: Median price $1,030,000, Annual capital growth 10.11%, Number of sales 124, Weekly median advertised rent $690

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
  • House Report
  • Unit Report
  • Expert Report

Giving property investors a a poor capital gain of -13.68% for the last year, Redfern, 2016 is the 4020th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, Redfern,2016 has racked up an average of -13.68% over the period. This ranks it number 1675th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -1.82% to buyers in Redfern at the moment, which is less than average for the rest of NSW.

On average over the past year, suburb has had 7.42 sales per month, which equates to 89 per year.

Redfern, 2016’s gross rental yield is 3.07%

Redfern has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 9.57% to date .

Across a shorter period, Redfern, 2016 has seen a median price increase of 5.10% over the last quarter.

Redfern2016 is located in NSW which offers an average discount of -5.18% to property investors. Redfern itself is showing figures that indicate -3.64% is the average achievable by property buyers investing in the suburb.

Advertised rents are around the $690 mark per week – giving a return of 3.48% based on the median price in Suburb

Information supplied by:


October 2017

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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.Full summary

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.

Close
Metrics i HOUSE UNIT
$1,467,500 $1,030,000
-8.28% 5.10%
-13.68% 9.57%
9.54% 10.11%
$868 $690
89 124
3.07% 3.48%
42.66 43.08

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Redfern NSW
Demographics
Total population 12034
Median household income ($/weekly) 1447
Median age of persons 36
Median housing loan repayment ($/monthly) 2522
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 1160 9.6
    25-34 years 3346 27.8
    35-44 years 2206 18.3
    45-54 years 1614 13.4
    55-64 years 1122 9.3
    Others 2585 21.5
    Age Group
    Census Count Percent(%)
    Not Married 5616 60.5
    Registered Married 2020 21.8
    Defacto Relationship 1651 17.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 5917 57.0
    Croatia 440 4.2
    Papua New Guinea 436 4.2
    United Kingdom 640 6.2
    Other 1120 10.8
    Others 1822 17.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 460 4.6
    Christianity 4654 46.7
    Islam 273 2.7
    Judaism 206 2.1
    No Religion 4155 41.7
    Others 224 2.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 469 9.8
    $400-$599 349 7.3
    $1,500-$1,999 503 10.6
    $2,000-$2,499 379 8.0
    $2,500-$2,999 579 12.1
    Others 2487 52.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4827 49.7
    Not in the labour force 2708 27.9
    Employed, worked part-time 1481 15.3
    Unemployed, looking for work 400 4.1
    Employed, away from work 287 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 1019 15.4
    Professionals 2543 38.5
    Technicians & trades workers 552 8.4
    Community & personal service workers 597 9.0
    Clerical & administrative workers 897 13.6
    Others 992 15.0
    Occupation
    Census Count Percent(%)
    Infants/Primary 237 12.0
    Secondary 170 8.6
    Technical or Further Educational Institution 302 15.3
    University or other Tertiary Institutions 1024 52.0
    Other type of educational institution 161 8.2
    Others 76 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 5963 58.4
    Semi-detached, row or terrace house, townhouse 3318 32.5
    Separate house 884 8.7
    House or flat attached to a shop, office 38 0.4
    Caravan, cabin, houseboat 8 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 3132 60.1
    Being purchased 1316 25.2
    Fully owned 733 14.1
    Other tenure type 34 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals