Randwick sits about 6km from the city in the Eastern Suburbs, anchored by UNSW, the Prince of Wales Hospital and the Royal Randwick Racecourse. That mix of a major university and a major hospital gives the suburb something most don’t: a deep, steady pool of renters. It’s a unit-dominated market — over 10,000 units to about 3,600 houses.
The numbers
| Metric | Houses | Units |
|---|---|---|
| Median sale price | $3,975,000 | $1,300,000 |
| Median value (modelled) | $3,433,684 | $1,270,450 |
| Median days on market | ~28 days | ~30 days |
| Gross rental yield | ~2.0% | ~3.8% |
| New listings (12 mo) | 117 | 321 |
| On market now | 17 | 34 |
The house market
Houses are firmly blue-chip: a median sale price of just under $4m, tightly held (owners stay about 15 years), and a yield near 2.0%. This is a long-term capital-growth and lifestyle play for well-capitalised buyers.
The unit market
Units are where the investment case lives. A median of $1.3m and a yield around 3.8%, backed by that university-and-hospital rental demand, makes for a resilient investment proposition. With 321 units listed over the year, there’s steady supply to buy into.
Who it suits
Investors who want dependable rental demand and a blue-chip Eastern Suburbs address; owner-occupiers and returning expats after lifestyle close to the beach and the city. If you’re buying from overseas, get in touch — expat lending is our specialty and the right structure matters.
Figures are Cotality suburb data as at July 2026 — median sale price and modelled median value over a rolling 12 months; yield and days on market indicative. General information only, not personal advice.
Jeremy Harper is the director of hfinance. If you’re weighing up a purchase or refinance in Randwick or nearby, get in touch — we’ll run the numbers with you.