Soaring rental prices in Redfern sparks concern

Redfern is undergoing rapid social change and becoming a highly sought-after location for university students and young professionals.

redfern_16884292_0.jpg

Redfern rental prices soar as the inner-city suburb becomes a culture hub for young professionals and students.

However, the lower socio-economic population of Redfern has come under threat due to buying competition and raised rental prices.

These prices will continue to soar next month when a new student apartment complex opens on Cleveland Street, housing up to 440 students.

This is just one of many new infrastructures creating angst among poorer residents.

Norma Ingram has lived in the Redfern community for many years and has been active in Aboriginal affairs since 1966.

She says society needs to stop and consider the community's needs.

But other residents refuse to fight against the change.

Aunty Beryl Van-Oloo trains young Indigenous chefs at the Yaama Dhiyaan Hospitality Training Centre in Redfern.

She is in the process of setting up a new cafe after taking over the Purple Goanna on Redfern Street.

Businesses are being forced to close due to growing competition in the area, but Ms Van-Oloo is confident that her vision for the future will be successful.

"I was a part of the struggle and now I want to be a part of the growth," said Ms Van-Oloo.

Her new café, 'Pepper Berries at Redfern’, is designed to take on the growing competition in the area while training young indigenous people so they too can become interested in starting their own business.

Watch: Redfern undergoes transformation, Tara Callinan reports




Share

2 min read

Published

Updated

By Ben Henderson

Source: NITV News


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world