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Suburb Insights ยท NSW 2031

Randwick 2031, New South Wales

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Randwick is a well-established middle-ring suburb of Sydney, Australia, with a population of approximately 28,943, making it a sizeable community. Located approximately 6 km from the Sydney CBD, Randwick is a middle ring area in New South Wales. The median household income is $125,944 AUD per year (ABS 2021 Census).

Investment Score

84 / 100 Strong

Above-average earnings in Randwick support sustained property values. Close CBD access strengthens tenant appeal and resale value.

Location

Map shows Randwick, New South Wales, Australia.

Key Indicators

Postcode
2031

Official Australia Post postcode for Randwick. A postcode may cover multiple suburbs.

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Population
28,943

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$572/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$125,944/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
6 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
7

Estimated 7 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
12

Estimated 12 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$3,000/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
12% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Randwick's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $572/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $3,000/month. A median household income of $125,944/year supports premium property values and indicates a well-employed resident base. With only 12% separate houses, Randwick has a significant apartment and unit market โ€” typical of inner-city investment corridors.

Investment Strategy

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Buy & Hold

Solid fundamentals in Randwick support capital growth over a medium to long hold period.

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Rental Yield

Rental returns in Randwick are attractive relative to purchase prices, supporting positive cash flow.

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Renovation / Flip

Older housing stock in Randwick combined with strong buyer demand creates solid renovation upside.

Risk Factors

Run the numbers on a Randwick property

Full Property Analysis

30-year projections for Randwick

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Strong Rental Demand: Strong Investor Sentiment: Strong

The outlook for capital growth in Randwick is encouraging heading into 2026, driven by constrained supply and buyer competition. Tenant competition in Randwick continues to intensify, supporting landlords and rent stability. Randwick remains on the radar of active property investors in New South Wales.

Frequently Asked Questions

Is Randwick a good suburb for investment?

Randwick is a middle ring area in New South Wales with a population of 28,943. The median rent is $572/week and the median household income is $125,944/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Randwick?

Key demand drivers in Randwick include established amenities and transport access. 12% of dwellings are separate houses. The area has approximately 7 schools and 12 parks nearby.

What is the population of Randwick?

According to the ABS 2021 Census, Randwick has a population of approximately 28,943. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Randwick from the Sydney CBD?

Randwick is approximately 6 km straight-line distance from the Sydney CBD (calculated from ABS 2021 suburb centroid coordinates). This close proximity means excellent access to employment, dining, and entertainment.

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