Redfern snapshot
- Median price: $1,451,977
- Median weekly rent: $994/wk
- Population: 13,670
- Days on market: 45 days
How Redfern stacks up
- Rental Yield: Moderate
- Capital Growth: Soft
- Vacancy: High
About Redfern
Redfern, located in New South Wales, presents a unique opportunity for property investors looking to enter a vibrant urban market. With a median house price of $1,451,977, it offers a diverse range of properties that cater to various demographics, including young professionals and families. The suburb's population of 13,670 indicates a lively community atmosphere, which can be appealing for potential tenants.
However, investors should be aware that the capital growth in Redfern has been classified as soft, suggesting a more cautious approach may be required. The rental market shows a moderate yield, but the high rental vacancy band indicates that there may be challenges in securing tenants promptly. Therefore, while Redfern has its attractions, thorough market research and strategic planning will be essential for prospective investors considering this suburb.
Frequently asked questions
What is the median price of properties in Redfern?
The median price of properties in Redfern is $1,451,977.
What is the typical weekly rent in Redfern?
The typical weekly rent in Redfern is $994.
How long do properties typically stay on the market?
Properties in Redfern typically stay on the market for around 45 days.
What is the population of Redfern?
Redfern has a population of 13,670.
What is the rental vacancy situation in Redfern?
Redfern has a high rental vacancy band.