Blog - Commercial
LOCATION SNAPSHOT: REDFERN, SYDNEY
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.
The New Redfern
In recent years, Redfern has been resurrected to become 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 newer privately developed apartment buildings.
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. The adaptive reuse of 10 Charles Street, Redfern is a great example of this. Now a renovated and inspiring workspace, this typifies the urban mix of history and technology.
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.
A Bold Future for Redfern
The 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 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.
Convenience on the City’s Edge
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.
The proximity to the city, services and the ease with which people can get around without a car is one of Redfern’s huge selling points. It is also a key reason the suburb has become so popular with students. Young urbanites have also identified the benefits that Redfern has to offer and have moved in at a growing rate over the last few years. This has driven property prices up. The median house price now surpasses $1 million.
Redfern – A Cultural Melting Pot
You will find your day-to-day amenities are well catered for, with quality retail offerings readily available and easily accessible. Redfern’s rich coffee and culinary culture are fast becoming renowned, due in part to the influx of students and young professional who now see Redfern as a destination locality. 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 always packed with creatives, young professionals and students.
Where Families, Sports and the Arts Combine
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 (a multi-arts centre), 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. Local sports stars are also immortalised in murals, highlighting the suburbs’ rich history, particularly in rugby and boxing. For sports lovers, NRL club The South Sydney Rabbitohs represent the area – which means you may even spot major shareholder Russell Crowe in town! Redfern is also home to the Redfern All Blacks, one of Australia’s oldest Aboriginal rugby league teams.
Redfern – Sydney’s Urban Culture Hotspot
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. With a heavy focus on redevelopment and gentrification, Redfern’s rich mixture of indigenous history and modern urban lifestyle, it’s little wonder the area continues to be a drawcard for creatives, students and young professionals. This inner Sydney suburb effortlessly weaves coarse threads of the every-day into a rich and robust tapestry.
Get in touch with TGC Sydney Property
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, Freddy Tran and Gino Soglimbene and Hamish Henderson are always happy to chat to interested buyers and tenants.