News Blog - Commercial

12 September 2016

LOCATION SNAPSHOT | REDFERN

Redfern’s popularity as a place to live and work is flourishing, primarily due to the suburb’s gentrification, excellent central location and cultural significance as well as an upswing in quality residential projects. Situated on the outskirts of the Sydney CBD, Redfern is proudly home to a significant urban indigenous community as well as a diverse mix of young students and professionals. Redfern’s make-up is a perfect marriage of aspects that define Sydney’s inner city and inner west.

Redfern has recently been resurrected to one of Sydney’s hottest suburbs with property buyers and investors clambering for a piece of the action.

The southern precinct of Redfern, near the Souths Rugby League club and Strawberry Hills forms a mixture of good quality public housing as well as a new privately developed set of apartments.

The eastern precinct of Redfern centred on Bourke and Baptist Streets is a lovely blend of historic housing, quality apartments and refurbished warehouses. These warehouses often provide quality office space for creatives and start-ups.

Just over from Surry Hills, near Cleveland street is an area full of tree lined streets, cafes, restaurants, and quality shopping. Boronia, Thurlow and Charles Streets are the home to beautifully restored warehouse office spaces. It is also the gateway to resurgent Waterloo where notably, the makeover of precincts such as Danks Street has been nothing but remarkable.

redfern_2The area that borders Eveleigh, Caroline, Louis and Vine Streets and in the immediate vicinity of Redfern Station is known as ‘The Block’, an indigenous housing project. In 2004, properties that were owned by the Aboriginal Housing Company (which formed most of ‘The Block’) were demolished to make way for the Pemulwuy Project, a $70 million Residential and Commercial development which is yet to be completed. Once finished it aims to offer affordable housing for 62 families, accommodation for 154 students and a childcare space for 60 children, along with a gymnasium and commercial and retail spaces.

With The University of Sydney as well as Sydney’s University of Technology  just next door, Central Station just one stop away and Sydney Airport only 5km away, you will find that Redfern’s proximity is nothing but enviable. The Bourke Street cycle-way offers convenient access to the city. While the Eastern distributor also offers easy vehicle access to the city and the airport. Young urbanites have quickly identified the benefits that Redfern has to offer and have moved in which have driven property prices up. The median house price now surpasses $1 million.

3williamsYou will find your day-to-day amenities are well catered for, with quality retail offerings readily available. Redfern’s rich coffee and culinary culture is fast becoming renowned. Some of Sydney’s nicer cafes and bars are located in Redfern which include Three Williams, Little Evie, Kepos Street Kitchen and Arcadia Liquors which are packed with creatives, young professionals and students. You will also find some superb shopping to be had on Elizabeth Street, if you are so inclined. These amenities, as well as Carriage Works, Redfern Park, Prince Alfred Park Pool and proximity to Moore Park parklands have contributed to the suburb fast becoming increasingly family orientated.

Restored murals depicting Redfern’s roots and the country’s indigenous inhabitants line the streets. Redfern represents a tender mix of crumbling walls, creative community preservations, iconic Victorian terraces and warehouse-style offices. The area’s proximity to the city and intact history will only see it blossom. This inner Sydney suburb effortlessly weaves coarse threads of the everyday into a rich and robust tapestry.

If you are interested in moving your business to Redfern, TGC has a number of office and retail spaces available for lease here. Our Redfern property experts, Eric Lundberg and
Freddy Tran are always happy to chat to interested tenants, call 1300 458 800 now.

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Date: 12 September 2016 Author: TGC Writer
Commercial
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About the author:

TGC Writer

TGC is the largest privately owned commercial real estate agency in the Sydney CBD, with over 20 years experience servicing the CBD, City Fringe and greater Metropolitan property market. We’re committed to assisting you with your total property needs, including buying, selling, leasing and property management.

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