Randwick is a large suburb in New South Wales within the Randwick local government area (postcode 2031). With a population of 28,943, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $126K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Randwick is $4.0 million, having grown strongly 8.1% over the past year. Units have a median price of $1.2 million (-4.3% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $3,000.
Randwick is served by 12 schools, including 5 primary, 3 secondary, 1 combined, 3 special. The average ICSEA score is 1132, which is well above the national average of 1,000. Public transport access includes 3 tram stops, 99 bus stops. Healthcare facilities include 3 public and 4 private hospitals. The crime rate in the Randwick LGA is below average at 2,578 incidents per 100,000 population.
From an investment perspective, Randwick offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($4.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 31.8x is considered stretched. House prices have moved +8.1% year-on-year.
Randwick is a large suburb in New South Wales within the Randwick local government area (postcode 2031). With a population of 28,943, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $126K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Randwick is $4.0 million, having grown strongly 8.1% over the past year. Units have a median price of $1.2 million (-4.3% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $3,000.
Randwick is served by 12 schools, including 5 primary, 3 secondary, 1 combined, 3 special. The average ICSEA score is 1132, which is well above the national average of 1,000. Public transport access includes 3 tram stops, 99 bus stops. Healthcare facilities include 3 public and 4 private hospitals. The crime rate in the Randwick LGA is below average at 2,578 incidents per 100,000 population.
From an investment perspective, Randwick offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($4.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 31.8x is considered stretched. House prices have moved +8.1% year-on-year.