Redfern is a well-established suburb in New South Wales within the Sydney local government area (postcode 2016). With a population of 13,072, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $112K per year, with an average household size of 1.9 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Redfern is $2.4 million, having grown strongly 9.1% over the past year. Units have a median price of $787,000 (-36.7% YoY). The current median weekly rent is $785. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $2,811.
Redfern is served by 2 schools, including 2 special. The average ICSEA score is 788, which is well below the national average of 1,000. Public transport access includes 1 rail station, 23 bus stops. The crime rate in the Sydney LGA is moderate at 7,409 incidents per 100,000 population.
From an investment perspective, Redfern offers a gross rental yield of 1.7%, rated as low yield. Property prices are above the state median ($2.4M/$1.5M), placing it in the premium segment. The price-to-income ratio of 21.2x is considered stretched. House prices have moved +9.1% year-on-year.
Redfern is a well-established suburb in New South Wales within the Sydney local government area (postcode 2016). With a population of 13,072, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $112K per year, with an average household size of 1.9 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Redfern is $2.4 million, having grown strongly 9.1% over the past year. Units have a median price of $787,000 (-36.7% YoY). The current median weekly rent is $785. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $2,811.
Redfern is served by 2 schools, including 2 special. The average ICSEA score is 788, which is well below the national average of 1,000. Public transport access includes 1 rail station, 23 bus stops. The crime rate in the Sydney LGA is moderate at 7,409 incidents per 100,000 population.
From an investment perspective, Redfern offers a gross rental yield of 1.7%, rated as low yield. Property prices are above the state median ($2.4M/$1.5M), placing it in the premium segment. The price-to-income ratio of 21.2x is considered stretched. House prices have moved +9.1% year-on-year.