Singer-songwriter Ricki-Lee Coulter and her manager husband Richard Harrison have entered Sydney’s inner-city property market as investors, purchasing a renovated three-bedroom terrace in Redfern for $3.505 million.
The couple won’t be moving into the early 1900s home themselves, instead seeking tenants at $1650 per week. Coulter holds a 99 per cent stake in the property.
The 130-square-metre terrace underwent extensive renovations before the sale, featuring a modern galley-style kitchen with Bosch appliances. The casual living area opens onto a courtyard complete with an integrated barbecue and built-in seating, whilst the front living and dining rooms retain their original fireplaces and ornate high ceilings. The property also includes rear-lane access.
The home last changed hands in 2010 for $1.135 million and was on the market for just over three weeks before selling through Ray White Touma Taylor. The property is now being managed by rental agency Preferental.
According to PropTrack data, the median three-bedroom house value in Redfern currently sits at $2.2 million, representing a 3.7 per cent increase over the past 12 months based on 35 sales. Three-bedroom terraces in the suburb typically rent for $1100 weekly, with an annual gross rental yield of 2.6 per cent.
The purchase comes after Coulter and Harrison sold their Avalon Beach home for $2.845 million in 2023, a property they’d owned since 2014 when they paid $1.1 million for it. The couple, who married in Paris in 2013, are currently renting a three-bedroom apartment in The Residence near Hyde Park for approximately $4000 per week.
Coulter, who celebrated her 40th birthday on Hamilton Island this month, has maintained strong ties to Sydney’s inner suburbs throughout her career. This weekend, she’ll perform at the Beresford Hotel in nearby Surry Hills, celebrating 14 years of Beresford Sundays. The Nova FM drive-time co-host rose to prominence on Australian Idol in 2004, finishing in sixth place before building a successful two-decade career in music and broadcasting.
The investment reflects growing confidence in Redfern’s property market, which has undergone significant transformation in recent years whilst maintaining its cultural heritage and community character.
Published 24-November-2025
