NSW has seen average median house prices change by 11.06% which means that Randwick, 2031 has done well for property investors by showing a capital gain of 7.35% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Randwick has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Randwick are currently offering property investors an average price cut of -4.43% below the asking price at the moment.
At number 687 in a list of fastest selling suburbs, Randwick is in the TOP 20% of suburbs in Australia with an average of days on market 47.9 for properties listed there.
Randwick, 2031’s gross rental yield is 2.44%
Randwick is an average performer in NSW when comparing median price capital growth over the last year. Randwick gave property investors a good capital gain figure when compared to the rest of the state, with 12.34%.
Across a shorter period, Randwick, 2031 has seen a median price increase of 1.13% over the last quarter.
Sellers are offering property buyers an average discount of -2.06% to buyers in Randwick at the moment, which is less than average for the rest of NSW.
At number 43 in a list of fastest selling suburbs, Randwick is in the TOP 10% of suburbs in Australia with an average of days on market 28.22 for properties listed there.
Randwick is 436th on a list of best yielding suburbs for rents in NSW with a 3.48% return