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Randwick, NSW 2031
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$3,750,000
market range $3.7M-$4.0M
Median Unit
$1,290,000
market range $1.2M-$1.5M
Gross Yield (houses)
2.1%
1yr Growth (houses)
+0.0%
market range -10.0% to +7.5%
Investment snapshot for Randwick
Randwick has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Randwick market and investor summary
In Randwick, NSW 2031, the median house sells for around $3.8M, on a gross rental yield of 2.1% for houses. House prices have moved +0.0% over the past year and +16.1% over three years. At 2.4% vacancy, it is a broadly balanced rental market.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.1% will not cover holding costs in the early years, so the case leans on price appreciation.
Living in Randwick: people, income and schools
About 28,943 people live in Randwick, a number that has held fairly steady over five years. At a median age of 36, it reads as broadly working-age, with renters making up 51% of households.
The typical household income runs to around $126,000 a year (about $2,420 a week). On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 29.8 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 30% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 95 schools within roughly 5km to choose from, and they test well above the national school average on ICSEA, a draw for education-focused families. Randwick sits about 5.8 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 83 for walkability and 97 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Basement (vectored or non-vectored).
- Population
- 28,943
- -0% over 5yr
- Median age
- 36 years
- Median household income
- $126,000/yr
- Households renting
- 51%
- Family households
- 61%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 95
- avg ICSEA 1123
- Unemployment
- 2.8%
- Distance to CBD
- 5.8 km
- Walk score
- 83/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Randwick
View all →Frequently asked questions about Randwick
What should I check before investing in Randwick?
Randwick has enough public data for first-pass screening across yield, vacancy, price and supply signals. Walkability score of 83 broadens the tenant pool beyond car-dependent renters. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Randwick?
The median property price in Randwick, NSW 2031 is $3.8M for houses and $1.3M for units.
What rental yield does Randwick show?
The gross rental yield in Randwick is 2.1% for houses and 3.6% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Randwick?
House prices in Randwick are up 0.0% over the past year and up 16.1% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Randwick?
The current vacancy rate in Randwick is 2.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Randwick?
Randwick has a population of approximately 28,943 residents, with a median age of 36.
What schools are near Randwick?
There are 95 schools within roughly 5km of Randwick. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Randwick affordable to buy in?
A median house in Randwick costs about 29.8 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Randwick's population growing?
The population of Randwick has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Randwick from the CBD?
Randwick is about 5.8 km from the CBD.
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