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Randwick

POSTAL CODE: NSW, 2031
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Based on its average 5-year and quarterly capital gains RANDWICK, 2031 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that RANDWICK, 2031 obtained a 6.24% growth over a ten-year period. It ranks 2520th on our list of suburbs that property investors should look into.

RANDWICK, 2031 in NSW belongs to the local government area of Randwick.

RANDWICK, 2031 has a capital gain of 2.49% for the past year, which is lower than average compared to its 38.69% growth within a five-year period.

With the median home price in RANDWICK sitting at $3,710,000, and the average rent at $925, property owners could potentially earn a 1.3% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in RANDWICK are low, as opposed to average gains per annum over the past five years.

Surburb overview

Randwick is a vibrant and historically affluent suburb located approximately 6 kilometres southeast of the Sydney Central Business District. It serves as the administrative centre for the Randwick City Council Local Government Area. It is near the University of New South Wales (UNSW) and the Prince of Wales Hospital.

According to the latest Census data, the suburb has a population of around 29,000. The median age of residents is 35, reflecting a mix of young professionals, university students, and families. The housing landscape in Randwick features a blend of heritage terrace houses, modern apartments, and freestanding homes catering to various lifestyles and preferences.

Public transport in Randwick is well-developed, providing excellent connectivity to the Sydney CBD and surrounding areas. The Sydney Light Rail, which runs from Circular Quay through Surry Hills and Moore Park, terminates at Randwick. Regular bus services also connect Randwick to Bondi Junction, Coogee, and neighbouring suburbs. The suburb’s central location and established road network make it easily accessible by car.

Randwick’s central commercial hub is centred around Belmore Road, where residents can find a variety of cafes, restaurants, shops, and essential services. The area is home to the Royal Randwick Shopping Centre, which provides a range of retail options, supermarkets, and dining establishments. Additionally, the nearby Spot, a popular dining and entertainment precinct, features an array of eateries, boutique shops, and the historic Ritz Cinema.

Centennial Parklands, located on the suburb’s northern border, offers expansive parklands ideal for picnicking, jogging, cycling, and horse riding. Alison Park and the Randwick Peace Park provide additional open spaces for families and outdoor enthusiasts. The Royal Randwick Racecourse, one of Sydney’s premier horse racing venues, is situated at the suburb's edge and hosts significant racing events throughout the year.

The suburb is home to several prominent educational institutions, including the University of New South Wales, and several primary and secondary schools, such as Randwick Public School and Randwick Girls’ High School. The Prince of Wales Hospital and other primary healthcare facilities make Randwick a critical medical and research hub in Sydney.

Randwick’s location also offers easy access to some of Sydney’s best beaches. Coogee Beach is just a short drive or bus ride away, providing opportunities for swimming, surfing, and enjoying the coastal lifestyle. The suburb’s proximity to Bondi, Bronte, and Clovelly beaches further enhances its appeal.

Randwick is a highly desirable suburb that offers a diverse and vibrant lifestyle. Its heritage charm, educational and medical institutions, and access to city and coastal attractions make it one of Sydney’s most sought-after residential areas.

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