Suburb Profile Report for Randwick NSW (2031)

Randwick House: Median price $2,310,000, Annual capital growth 7.09%, Number of sales 95, Weekly median advertised rent $1,200

Randwick Unit: Median price $865,000, Annual capital growth 5.92%, Number of sales 224, Weekly median advertised rent $630

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Giving property investors a an unimpressive capital gain of -7.32% for the last year, Randwick, 2031 is the 3013th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, Randwick comes in at number 732th in NSW.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Randwick, 2031. Typically our figures indicate that -7.28% is being offered, which puts this NSW suburb at 1288th most discounted overall in Australia.

On average over the past year, suburb has had 7.92 sales per month, which equates to 95 per year.

Randwick is 1061th on a list of best yielding suburbs for rents in NSW with a 2.70% return

Over the last year, property investments in Randwick, 2031 have given investors a capital gain of -8.47%. This compares badly with the -4.02% for NSW as a whole.

Randwick,2031 was ranked 608 in Australia by increase in median property value over the quarter.

At number 279th 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.

Residents and property investors in Randwick have been waiting around 74.2386 days to sell a property.

Randwick, 2031’s gross rental yield is 3.79%

Metrics i HOUSE UNIT
$2,310,000 $865,000
-1.70% 0.00%
-7.32% -8.47%
7.09% 5.92%
$1,200 $630
95 224
2.70% 3.79%
91.1951219512195 74.2386363636364

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Good (U)
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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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