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.