If you were to buy a house locally at the current median price of $1,567,500 and had 10% deposit, then you would need a mortgage for $1,410,750. This is a very large mortgage compared to state.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 11934.00% population change in REDFERN 2016 is well above average.
With a median housing loan repayment of $2,522 a month, REDFERN , 2016 mortgage brokers are seeing mortgage holders paying $506 more than 2006.
On a national list of suburbs ranked by median mortgage repayments, REDFERN would be 368th.