Get to know the area
When it comes to premier sporting suburbs, Randwick is in a group (one) of its own. Just six kilometres from the Sydney CBD, this area may be known for its iconic racecourse—but its lifestyle is in equally fine form.
We know that Randwick is popular amongst independents and young professionals —with the market rich in apartments, modern townhouses and original federation homes. Median property prices in the area are $2,825,000 for houses and $1,027,500 for units. If you’re looking to invest, consider houses in Randwick deliver an annual rental yield of 1.8% and 2.8% for units. And with odds you can rely on, the suburb has seen a compound growth rate of 7.9% for houses and 4.1% for units over the last 5 years alone.
Randwick services its divided population of young independents, maturing families and retirees with a lifestyle as balanced as its community. With vibrant local shopping, a range of primary and secondary schools, access to the Prince of Wales Private Hospital as well as the Children’s, borders to Centennial Park and only a short drive to Sydney’s best beaches —there’s something for everyone (and something for every circumstance). Sitting firmly amongst the eastern suburbs best, in Randwick there’s confidence in backing a local favourite.