Located in New South Wales within the Randwick local government area, Kingsford is a settled mid-to-large suburb (postcode 2032). It is home to about 13,492 residents, with a mix of families and early-career residents and a median age of 33. Households earn a median income of $98K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and education. The top ancestries reported are Chinese, English, Australian.
Median house prices in Kingsford stand at $3.8 million, having surged by 34.3% over the last twelve months. Units have a median price of $1.1 million (+14.6% YoY). The current median weekly rent is $830. This gives a gross rental yield of approximately 1.1%. The median monthly mortgage repayment is $3,000.
Public transport access includes 2 tram stops, 36 bus stops. The crime rate in the Randwick LGA is below average at 2,628 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 1.1% (low yield). Property prices are above the state median ($3.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 39.1x is considered stretched. House prices have moved +34.3% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.