Redfern's gentrification continues as families and young couples flock to the inner city suburb Behind the facade of these five terraces in Eveleigh St, Redfern, are renovated properties renting for between $1000-$12000 a week. Redfern is hot property with house prices and rents on the rise Properties in the once derelict Eveleigh St now renting for $1000 plus Once seen as an urban ghetto, Redfern now has family-friendly cool Once known for crumbling houses and high crime rates, Redfern has been reborn as the inner city's hottest suburb and property buyers and investors are clambering for piece of the action. A row of five four-bedroom renovated terraces on the once derelict Eveleigh St recently went on the rental market for $1000-$1200 a week, sealing Redfern's status as a suburb to watch. The terraces at 31-47 Eveleigh St have been renovated inside wit the exteriors to be rendered and repainted soon. And there has been no shortage of interest - 31a has already been rented for $1120 and 47 for $1000. Comment below or send your photographs to photo@dailytelegraph.com.au Property manager at Richardson & Wrench Newtown, Michael Katsiambirtas said in the past year, property values had steadly risen throughout Redfern. "Generally speaking, the values of rentals in Redfern are going up and we have terraces on Eveleigh St - which is arguably the worst street in Redfern - attracting big interest with big bucks," he said. The kitchen of a recently listed property at 31a Eveleigh St, Redfern, which has been rented out at $1120 per week Source: Supplied Behind the gritty brown-red brick exteriors, the interiors have been transformed with sleek modern interiors. The outside will be rendered and repainted in future. The bathroom of 31a Eveleigh St, Redfern, rented for $1120 per week Source: Supplied "We are seeing a demographic change in Redfern and we mainly attract professionals and students for the rentals because it is close to Newtown and Erskineville," he said. Redfern is growing faster than suburbs like Newtown because there is so much room for growth. Figures from RP Data show that in January 2013 the median price for a home in Redfern was $785,000. By December 2013, the price had risen to $920,000. President of the South Sydney Business Chamber, Mary Lynne Pidcock said she was not surprised by the influx of families moving to the suburb. President of the South Sydney Business Chamber, Mary Lynne Pidcock. Auctioneer Damien Cooley in Boronia St, Redfern, surrounded by keen buyers. When cafes and tapas bars move in, you know your suburb is on the move. Amelie Johnston 24, Michaela Lobb 26 and Samantha Warfield 30, catch up at Tapeo, Cafe and Tapas Wine Bar, Redfern. "It is becoming family oriented and it is a great location for families because of the amenities close by like Redfern Park," she said. It is perfect for having barbecues and you always see children playing there now and the addition of Prince Alfred Park pool has also made a difference. Everything is right on your door step and the city is close by. I think more people want to live in diverse communities because they add character to the neighbourhood. Redfern is a really welcoming place and neople are continuing to move into the area who perhaps would have previously overlooked the suburb. But now they are seeing how Redfern has changed and when they get here they are quickly changing their minds. Residents wander down Eveleigh St in 2007, where derelict housing still lined the Redfern street. Scenes from the 2004 riots in Redfern after the death of aboriginal teenager Thomas Hickey. The former derelict Eveleigh St, known as The Block, in 2004. Redevelopment on the street is now leading the property revolution in the inner city suburb.