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Redfern Suburb Insights
VICLocation Information
Suburb Name
Redfern, VIC
Distance from CBD
9.5 kmDemographics
Population
13,213
Median Income
$51,532
Area Information
Area
1.17 km²
Population Density
11293 people/km²
Property Market
Median Price
$1,160,336
Annual Growth
+11%Property Price Trend Analysis
Current Median Price
$1,160,336
Annual Growth
+11%
Quarterly Growth
+3.2%
Price Trends - Last 6 Months
2024-01
$835,419
+10.6%2024-02
$984,422
+12%2024-03
$1,038,044
+8.8%2024-04
$842,320
+15.7%2024-05
$701,454
+13.4%2024-06
$494,467
+18.9%Property Type Price Analysis
House
Median Price
$1,502,340
Growth Rate
+7%Available Listings
432 properties
Apartment
Median Price
$500,260
Growth Rate
+10.7%Available Listings
770 properties
Townhouse
Median Price
$781,404
Growth Rate
+15.5%Available Listings
339 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy