Suburb Profile Report for Randwick NSW (2031)

Randwick House: Median price $2,290,000, Annual capital growth 8.65%, Number of sales 147, Weekly median advertised rent $1,100

Randwick Unit: Median price $885,000, Annual capital growth 7.15%, Number of sales 385, 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 4.09% for the last 12 months, Randwick, 2031 has performed for property investments than its average annual 8.65% property growth over the last 5 years.

Across a shorter period, Randwick, 2031 has seen a median price increase of -0.73% over the last quarter.

Property buyers and investors in Randwick 2031 should be seeing an average reduction in asking price of around -7.31% . This means that Randwick is holding prices well when compared to other suburbs in NSW.

A $1100 per week rent on the median house gives suburb investors a gross yield of circa 2.50%, without taking into account capital value appreciation, which has been averaging out at 8.65%.

Randwick, 2031 ranked 167th in NSW when comparing growth in median property values or capital gain over the last 12 months. Randwick is one of 3163 in our list for NSW

Over the longer term, Randwick has seen property prices show investors a 35.11% return over the last 3 years. This is worse than over the last 12 months

At number 375th of NSW’s most discounted properties, Randwick is in the TOP 30% of the state/territory when listing in order of most discounted to least.

A $610 per week rent on the median house gives suburb investors a gross yield of circa 3.58%, without taking into account capital value appreciation, which has been averaging out at 7.15%.

Metrics i HOUSE UNIT
$2,290,000 $885,000
-0.73% 1.72%
4.09% 9.94%
8.65% 7.15%
$1,100 $610
147 385
2.50% 3.58%
54.92 45.51

Source: CoreLogic

DSR Score for property investment : Good (U), Good (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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