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 combination of a major university and a major hospital gives the suburb something most don’t — a deep, steady pool of renters that rarely thins out. It’s a unit-dominated market, with over 10,387 units to about 3,593 houses, 46.8% owner-occupied, and a typical ownership run of 15 years.
The numbers
| Metric | Houses | Units |
|---|---|---|
| Median sale price | $3,975,000 | $1,300,000 |
| Median value (modelled) | $3,433,684 | $1,270,450 |
| Gross rental yield | ~2.0% | ~3.8% |
| Days on market | ~28 days | ~30 days |
| On market now | 17 | 34 |
(Cotality suburb data, July 2026.)
Living in Randwick
The Spot is the suburb’s charm centre — a village of cafés and restaurants around the heritage Ritz Cinema — while Coogee Bay Road links you to the beach in minutes. Centennial Parklands and Queens Park sit right on the doorstep for green space, and race days at Royal Randwick bring the whole suburb to life. It’s a blue-chip Eastern Suburbs address with everything close at hand.
Getting around
The CBD and South East Light Rail runs from Randwick and Kingsford straight into the city, backed by frequent buses and quick access to the beaches and the airport. That connectivity, combined with the university and hospital, is what keeps both owner-occupier and rental demand so consistent.
Who’s buying, and why
Randwick attracts two clear groups: investors drawn to the unrelenting rental demand, and well-capitalised owner-occupiers and returning expats after a lifestyle address near the beach and the city. With more than 10,000 units in the suburb, the investment-grade stock is deep and liquid.
The house market
Houses are firmly blue-chip: a $3.975m median, tightly held, and a yield near 2.0%. This is a long-term capital-growth and lifestyle play for buyers with the means — not a rental-return exercise.
The unit market
Units are where the investment case lives. A $1.3m median and a yield around 3.8%, backed by that university-and-hospital rental demand, make for a resilient investment proposition. With 321 units newly listed over the year, there’s steady supply to buy into and a reliable tenant base underneath it.
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 getting the structure right matters. For local context, Randwick City Council and UNSW are useful references.
Randwick property FAQ
What’s the median unit price in Randwick?
Around $1.3m for units and just under $4m for houses (Cotality, July 2026).
Why is Randwick strong for investors?
UNSW and the Prince of Wales Hospital create constant, year-round rental demand, and the suburb has one of the deepest unit markets in the Eastern Suburbs.
How far is Randwick from the CBD?
About 6km, with light rail running directly into the city.
Is Randwick a good place to buy a home?
It’s a blue-chip lifestyle suburb close to beaches, parks and the city — held tightly by owners who tend to stay long term.
Figures are Cotality suburb data as at July 2026 and are 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.