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Redfern
AREA REPORTS

Redfern

Redfern - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2016

house
unit

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 $1,638,000.

The upward trend in home prices in REDFERN, 2016 averaged 2.89% per annum over a 3-year period.

Average weekly rents on listings have reached the $775 mark, reflecting a 2.46% increase in returns based on the current median price in REDFERN.

An average of 9.17 real estate transactions take place per month in REDFERN which translates to 110 per annum.

110 properties were sold in REDFERN in 2016, making it the 1438th most active market in NSW based on total real estate transactions.

REDFERN, 2016 places 279th in Australia based on median property value growth during the quarter.

Data report can be found below

Redfern
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,638,000 $929,098
GROWTH REPORT
Median Quarterly 9.57% 7.61%
Median 12 month 12.97% -0.1%
Median 3 years 8.66% -4.46%
Median 5 years 19.3% 12.62%
10 years average annual 7.53% 5.77%
Weekly media advert. rent $775 $550
Time on Market 31.5 days 54.9 days
Gross Rental Yield Percent 2.46% 3.08%
demographics (median values)*
Total Population
13213
Weekly Household Income
1821
Household Size
2.00
Age
35
Monthly Loan Repayment
2500
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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