Redfern NSW 2016: Property Market Report & Real Estate Insights

Part of Sydney, NSW

Redfern Real Estate Market Outlook

Thinking about buying in Redfern? Now could not be a better time, with 11747 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,842,000 with prices in this suburb ranging from $55,000 to $121,409,000. Redfern is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Living in Redfern

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Redfern are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Redfern classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Redfern necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

Redfern, a diverse and vibrant suburb in inner Sydney, has undergone significant transformation over the past few decades, making its housing market a focal point for both investors and residents. Traditionally known for its working-class roots and rich Indigenous history, Redfern has experienced substantial gentrification, leading to an increase in property values and a bustling real estate market. The suburb offers a variety of housing options, from historic terrace homes that exude charm and character to modern apartment developments that cater to young professionals and families. The median property prices have seen steady growth, reflecting Redfern's increasing popularity and its strategic proximity to Sydney's central business district. This upward trend is indicative of the suburb’s continued evolution, with potential homeowners and investors drawn to its cultural diversity, accessibility, and the promise of urban renewal projects that aim to enhance local amenities and infrastructure.

Living in Redfern offers residents a unique blend of urban convenience and community spirit. The area is renowned for its lively arts scene, eclectic eateries, and bustling markets, particularly around the vibrant Redfern Street and nearby Regent Street. The suburb's cultural scene is enriched by the presence of significant Indigenous institutions, offering residents and visitors alike the opportunity to engage with Australia's rich Aboriginal culture. Public transport is a major asset, with Redfern Station serving as a central hub that connects the suburb to the rest of Sydney, making daily commutes efficient for its residents. Additionally, the close-knit community vibe, coupled with well-maintained parks and recreational facilities, provides an inviting atmosphere for families and individuals seeking a dynamic yet inclusive urban lifestyle. Redfern's continuous growth and its efforts to balance modernity with tradition make it an exciting place to live, work, and explore.

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