Redfern is an inner-city suburb of Sydney located 3 kilometres south of the Sydney central business district and is part of the local government area of the City of Sydney. Strawberry Hills is a locality on the border with Surry Hills. The area experienced the process of gentrification in recent years.

Redfern has 195 properties available for rent and 37 properties for sale. Median property prices over the last year range from $1,450,000 for houses to $910,000 for units. If you are looking for an investment property, consider houses in Redfern rent out for $800 PW with an annual rental yield of 2.9% and units rent for $600 PW with a rental yield of 3.4%. Based on five years of sales, Redfern has seen a compound growth rate of 3.6% for houses and 3.3% for units.