Suburb Profile Report for Randwick NSW (2031)

Randwick House: Median price $2,300,000, Annual capital growth 8.63%, Number of sales 148, Weekly median advertised rent $1,050

Randwick Unit: Median price $876,000, Annual capital growth 7.04%, Number of sales 390, Weekly median advertised rent $610

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 5.70% for the last 12 months, Randwick, 2031 has performed for property investments than its average annual 8.63% property growth over the last 5 years.

Comparing Randwick,2031 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

The most recent median price for Randwick is $2300000, with sellers offering an average of -7.31% off the asking price.

Advertised rents are around the $1050 mark per week – giving a return of 2.37% based on the median price in Suburb

NSW has seen average median house prices change by 5.73% which means that Randwick, 2031 has done well for property investors by showing a capital gain of 10.75% over the last year

A 44.20% growth in median value for property investors in Randwick,2031 puts this suburb at number 190th in terms of best performing suburbs in NSW

Sellers are offering property buyers an average discount of -3.25% to buyers in Randwick at the moment, which is less than average for the rest of NSW.

Often selling an investment property can take time, and in Randwick the average time real estate has been on the market is 46.51 days.

Using the current median advertised rental of $610 and the average annual increase in value of a median property of 7.04%, investors should hope to achieve an overall return of 3.62%

HOUSE UNIT
$2,300,000 $876,000
2.22% 2.82%
5.70% 10.75%
8.63% 7.04%
$1,050 $610
148 390
2.37% 3.62%
55.76 46.51

Source: CoreLogic

DSR Score for property investment : Very good (U), Above average (H)
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Demographics
Total population 27740
Median household income ($/weekly) 1786
Median age of persons 35
Median housing loan repayment ($/monthly) 2600
Average household size 2.3
  • Census Count Percent(%)
    20-24 years 2360 8.5
    25-34 years 6355 22.9
    35-44 years 4855 17.5
    45-54 years 3264 11.8
    55-64 years 2422 8.7
    Others 8483 30.6
    Age Group
    Census Count Percent(%)
    Not Married 9685 47.4
    Registered Married 7832 38.4
    Defacto Relationship 2899 14.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 15113 58.7
    Croatia 904 3.5
    Italy 767 3.0
    United Kingdom 1900 7.4
    Other 2382 9.2
    Others 4694 18.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 723 2.9
    Christianity 14806 59.6
    Islam 352 1.4
    Judaism 1555 6.3
    No Religion 7033 28.3
    Others 363 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 1219 12.2
    $2,000-$2,499 937 9.4
    $2,500-$2,999 1387 13.9
    $3,000-$3,499 814 8.2
    $4,000 or more 902 9.1
    Others 4705 47.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 10718 48.9
    Not in the labour force 5866 26.7
    Employed, worked part-time 3819 17.4
    Employed, away from work 803 3.7
    Unemployed, looking for work 730 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 2206 14.4
    Professionals 6048 39.4
    Technicians & trades workers 1376 9.0
    Community & personal service workers 1361 8.9
    Clerical & administrative workers 2096 13.7
    Others 2250 14.7
    Occupation
    Census Count Percent(%)
    Pre-school 462 7.3
    Infants/Primary 1528 24.1
    Secondary 967 15.2
    Technical or Further Educational Institution 553 8.7
    University or other Tertiary Institutions 2564 40.4
    Others 273 4.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 14684 59.6
    Separate house 5506 22.4
    Semi-detached, row or terrace house, townhouse 4294 17.4
    House or flat attached to a shop, office 148 0.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 5301 49.1
    Being purchased 2801 26.0
    Fully owned 2640 24.5
    Other tenure type 45 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals