Located in New South Wales within the Sydney local government area, Redfern is an established suburb (postcode 2016). With a population of 13,072, the suburb has a mix of families and early-career residents with a median age of 36. Households earn a median income of $112K per year, with an average household size of 1.9 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Redfern stand at $2.6 million, having climbed sharply by 20.9% over the last twelve months. Units have a median price of $604,000 (-49.7% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 1.6%. 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 7,608 incidents per 100,000 population.
Looking at the investment signals, Redfern shows a gross rental yield of approximately 1.6%, rated as low yield. Property prices are above the state median ($2.6M/$1.5M), placing it in the premium segment. The price-to-income ratio of 23.3x is considered stretched. House prices have moved +20.9% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.