REDBANK PLAINS 
9 MIN READProperty Market Update: Brisbane, April 2022
Brisbane remained golden in April, as house values in the city marched higher to hit a new record high. But with a rate ...
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RedfernRedfern - SUBURB PROFILE REPORT
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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,900,000.
The upward trend in home prices in REDFERN, 2016 averaged 13.58% per annum over a 3-year period.
Average weekly rents on listings have reached the $800 mark, reflecting a 2.19% increase in returns based on the current median price in REDFERN.
An average of 10.5 real estate transactions take place per month in REDFERN which translates to 126 per annum.
126 properties were sold in REDFERN in 2016, making it the 1349th most active market in NSW based on total real estate transactions.
REDFERN, 2016 places 1279th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,900,000 | $1,000,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.2% | 3.52% |
| Median 12 month | 29.91% | 17.65% |
| Median 3 years | 40.74% | 10.22% |
| Median 5 years | 35.42% | 23.46% |
| 10 years average annual | 9.56% | 6.87% |
| Weekly media advert. rent | $800 | $575 |
| Time on Market | 31.5 days | 52.6 days |
| Gross Rental Yield Percent | 2.19% | 2.99% |
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