Bourke St, Redfern NSW 2016

House prices on Bourke St are 46.28% above the Redfern suburb house median, indicating a premium pricing position relative to the wider area. This premium reflects the street’s collector road classification and the high density of apartment stock, which drives the aggregate valuation. Buyers should note that this metric applies strictly to houses, not apartments, and represents a significant price premium compared to the suburb average.

There are 97 heritage-listed properties on the street, meaning renovations or exterior changes may require additional council approval. Flood risk is minimal, with 0 properties in a flood overlay, 60 recommended for a flood check, and 42 classified under other flood categories indicating no identified risk or lack of mapping. There are no bushfire or high-voltage powerline overlays affecting the residential stock.

5 homes sit above the street and 86 homes sit level with the street, while 0 homes sit below the street. The street has a predominantly level profile, with the vast majority of homes sharing the same height as the road. Different site heights can influence individual characteristics, so buyers should assess the specific property rather than relying on the street average.

Bourke St is a collector road with a 50km/h speed limit, and 34% of the residential properties front this dominant section. Collector roads generally connect local streets with larger roads, meaning the street serves both nearby residents and through traffic. This classification suggests a busier environment than a quiet local road, though actual traffic levels depend on broader network conditions.

The street has 1268 residential properties, with 91.5% being apartments and 8% being houses. The street is predominantly apartment-focused, reflecting its high-density urban character. This mix is typical of central Redfern, where larger apartment developments dominate the residential landscape over detached homes or terraces.

The street features three major apartment developments: 780 Bourke St (153 lots, 23 levels, built 1995), 749 Bourke St (80 lots, 4 levels), and 758 Bourke St (66 lots, 7 levels, built 1991). These large-scale projects contribute significantly to the street’s higher-density residential character and apartment presence.

2 houses and 20 apartments have sold in the past 12 months. Over the past five years, the turnover rate has been 16.7% for houses and 9.9% for apartments. Turnover measures the proportion of properties that changed ownership during the past five years, providing a snapshot of recent market activity for each property type.

Bourke St is best suited for apartment buyers seeking a central Redfern location with a collector road profile. The street is less aligned with buyers looking for detached houses, given that only 8% of the stock consists of houses. Buyers should consider the premium house prices, the high density of apartment developments, and the potential for additional council approvals due to the 97 heritage-listed properties.