Randwick, located in Sydney’s Eastern Suburbs, offers a vibrant blend of history, modernity, and convenience that makes it an appealing place to live. With a population of around 32,000 and a postcode of 2031, Randwick boasts a diverse ethnic breakdown, with English, Australian, Irish, Scottish, and Chinese communities contributing to its rich culture.
Units in Randwick
The median apartments/units price in Randwick, Australia is currently $1,150,000, which is a 13.6% increase over the past year. The graph sourced from Realestate.com also shows the median price has increased steadily over the past five years. 347 units have been sold in the past 12 months. The average time it spends on the market is approximately 47 days. There are currently 3129 buyers interested in units in Randwick, and the rental yield is 3.8%.
Houses in Randwick
The average house price in Randwick sits at $3,310,000, reflecting a 5.9% rise over the past year. Within the past year 118 new owners have successfully found their home in Randwick. Buyers acted quickly, with houses spending a median of 49 days on the market, and on average there were 2377 potential buyers interested in Randwick houses.
Randwick is an amazing suburb offering a welcoming community and hence there is a lot of buyer interest.
Location
One of Randwick’s key attractions is its proximity to the CBD, just 25 minutes by public transport or 20 minutes by car. The suburb’s accessibility makes it ideal for professionals, families, university students, and young professionals seeking a balanced lifestyle close to the heart of Sydney. Randwick’s location in Sydney’s inner-south-east offers both convenience and a sense of openness.
Dining and shops
Randwick’s charm lies in its diverse offerings. From historic architecture to modern dining hubs, the suburb caters to a variety of tastes and interests. Its multiple dining hubs, including Belmore Road and Alison Road & Avoca Street, offer an abundance of restaurants, cafes, and boutique shops, creating a lively atmosphere for residents and visitors alike.
Facilities in Randwick
The suburb’s cultural significance is evident in its educational and medical facilities. Randwick is home to the University of New South Wales (UNSW) and various schools and colleges, making it a popular choice for students. It boasts flagship hospitals like the Sydney Children’s Hospital and Prince of Wales Hospital, reinforcing its reputation as a hub for healthcare and research.
Randwick’s Nature
Randwick’s green spaces add to its appeal, with parks like Queens Park and Centennial Park providing ample opportunities for outdoor recreation. The suburb’s proximity to Coogee Beach further enhances its recreational offerings, making it a desirable destination for beachgoers and outdoor enthusiasts.
Architecture and homes
Despite its many attractions, Randwick’s real estate market reflects its desirability, with high property prices for both houses and apartments. The suburb’s mix of historic terraces, modern apartments, and prestigious homes caters to diverse housing preferences, albeit at a premium. Numerous historic and prestigious homes in Randwick were strategically constructed atop its elevated terrain to maximize stunning water views. Dudley Street stands out as a prime location, showcasing rows of premier mansions.
To Conclude
Randwick offers a balanced blend of urban convenience, cultural richness, and recreational opportunities that appeal to a wide range of residents. Its accessibility, vibrant dining scene, educational and medical facilities, and green spaces make it a sought-after suburb for those looking to experience. The accessibility of a quality beach nearby are rare features that distinguish Randwick from other suburbs.
As a result, living in Randwick comes with a premium price tag, reflecting the privilege of enjoying such amenities. The best of inner Sydney living.
