Redfern
Redfern is a Sydney suburb that is experiencing great levels of gentrification (renewal and rebuilding) in order to accompany for the influx of middle-class people in deteriorating areas. Once known for its crumbling houses and extremely high crime rates, Redfern is being reborn as the inner city's hot suburb, stimulating property buyers and investors to consider looking into this developing area. This was made dramatically evident when a row of five four-bedroom renovated terraces situated on the once derelict Eveleigh St, were recently added to the rental market for $1000-$1200 a week, hence sealing Redfern's status as a suburb on the rise. As stated by Michael Katsiambirtas from Richardson & Wrench Newtown, “the values of rentals
Redfern is a Sydney suburb that is experiencing great levels of gentrification (renewal and rebuilding) in order to accompany for the influx of middle-class people in deteriorating areas. Once known for its crumbling houses and extremely high crime rates, Redfern is being reborn as the inner city's hot suburb, stimulating property buyers and investors to consider looking into this developing area. This was made dramatically evident when a row of five four-bedroom renovated terraces situated on the once derelict Eveleigh St, were recently added to the rental market for $1000-$1200 a week, hence sealing Redfern's status as a suburb on the rise. As stated by Michael Katsiambirtas from Richardson & Wrench Newtown, “the values of rentals