Randwick is a well-populated suburb in New South Wales within the Randwick local government area (postcode 2031). It is home to about 28,943 residents, with a mix of young professionals and families and a median age of 36. Households earn a median income of $126K per year, with an average household size of 2.2 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 +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, 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 professional services. The top ancestries reported are English, Australian, Irish.
The median house price in Randwick is $4.1 million, having risen steeply by 11.5% over the past year. Units have a median price of $1.3 million (+2.4% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 1.1%. 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 2,666 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 1.1%, which reads as low yield. Property prices are above the state median ($4.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 32.8x is considered stretched. House prices have moved +11.5% 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.