RBA Cash Rate:4.35%Next Meeting:13dExpectation:HOLDSydney Clearance:68.2%Melbourne Clearance:63.5%National Clearance:62.8%

    Redfern NSW Property Market

    Postcode 2016

    Data updated: August 2026 · Sources: ABS Census, CoreLogic, Domain

    Median House

    $2026k

    Median Unit

    $1113k

    Annual Growth

    14.9%

    Rental Yield

    3.27%

    Vacancy Rate

    —

    Source: SQM Research — not financial advice. Verify with a licensed property professional before making investment decisions.

    About the Redfern Property Market

    Redfern sits just 3 kilometres south of Sydney's CBD, making it one of the city's most centrally located suburbs. This historic inner-city area has undergone significant urban renewal over recent decades, transforming from its industrial past into a vibrant mixed-use precinct. The suburb is renowned for its Aboriginal heritage, street art culture, and emerging status as a technology and creative hub.

    Property Market

    The property market predominantly features medium to high-density apartments, converted warehouses, and modern residential developments. Prices typically sit above the metropolitan median, reflecting the premium location and proximity to the city centre. The area has attracted considerable development interest, with new apartment complexes and mixed-use projects contributing to housing supply.

    Lifestyle and Amenity

    Transport connectivity is exceptional, with Redfern railway station providing direct access to the CBD and major suburban lines. The suburb offers a diverse dining scene, from trendy cafes to established restaurants, alongside cultural attractions and green spaces. Local schools serve the community, while the area's artistic character is evident in its galleries, street art, and cultural centres.

    Who Buys Here

    Young professionals and creative professionals are drawn to Redfern for its urban lifestyle and convenient city access. The suburb appeals to first-time buyers seeking inner-city living, as well as investors attracted by the strong rental demand from workers and students. Downsizers also find the area appealing for its walkable environment and cultural amenities.

    Investment Outlook

    Rental demand remains strong due to the suburb's proximity to major employment centres, universities, and transport infrastructure. Continued urban development and the area's growing reputation as a creative and technology precinct support long-term growth potential.

    Data last updated: 24 Aug 2026

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    How to Research a Suburb

    Understanding the Numbers

    Median house price represents the middle sale in a period — not the average. Rental yield is annual rent divided by property value. Vacancy rate below 3% indicates strong tenant demand. Annual growth shows 12-month price change — not a guarantee of future performance.

    What to Research Before Buying

    Check council zoning and DA restrictions, flood and bushfire overlays on state planning portals, infrastructure pipeline (rail, roads, schools), employer concentration (single-industry suburbs carry higher risk), and auction clearance rates (above 70% signals a seller's market).

    Due Diligence Checklist

    • ☐ Building and pest inspection
    • ☐ Strata report (if applicable)
    • ☐ Contract review by conveyancer
    • ☐ Comparable sales in last 90 days
    • ☐ Rental vacancy rate
    • ☐ Council rates and water rates
    • ☐ Body corporate fees (if applicable)

    Data sources: ABS Census 2021, CoreLogic property transaction data, Domain listing data, and RBA statistical tables. Updated as new data becomes available.