True Cost of Buying in Randwick
2031 NSW
A decision, not just a search · Randwick
Does the lower estimated monthly cost make a property the better buy?
Only under the assumptions entered—and cost is not the whole decision. This model compares scenarios, not lender approval, building condition or personal suitability. Replace defaults with current quotes and documents, then test whether the cost remains manageable when circumstances change.
Questions that could change the answer
- Which costs are current supplied figures, and which are model defaults?
- What happens to your buffer if interest, repairs or vacancy costs rise?
- What finance, contract or inspection condition remains unresolved before an offer?
Evidence to obtain—not yet verified here
- Current lender terms and approval conditions, not only a borrowing estimate.
- Dated levy notices, rates, insurance quotes and maintenance information.
- Contract advice, inspection findings and comparable sales evidence.
Other options: Lower the price limit, compare another property or wait for critical checks. A favourable model result is not a recommendation to make an unconditional offer.
Next action: Re-run the existing calculator with documented inputs, then agree your conditions and walk-away point with the relevant professionals.
When to revisit: Revisit when any input, approval condition, price or property finding changes.
General decision guidance—not a property assessment, personal recommendation or verified client result. Dates on surrounding market content apply to that content, not to checks on your property.
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Market Intelligence
Randwick is a prestigious inner-eastern suburb of Sydney, located approximately 6km from the CBD. Known for its excellent connectivity, world-class healthcare facilities including Prince of Wales Hospital, and proximity to the University of New South Wales, Randwick attracts a diverse mix of professionals, students, and families. The suburb features a blend of heritage homes, modern apartments, and townhouses, with tree-lined streets and excellent public transport links via light rail and bus networks. Randwick's strategic location near Centennial Park, Coogee Beach, and major employment hubs makes it highly desirable. The median house price of $3.1 million reflects its premium status, while the low vacancy rate of 1.7% indicates strong rental demand. The suburb benefits from ongoing urban renewal projects and infrastructure improvements, positioning it as a stable, high-growth area with excellent lifestyle amenities and investment fundamentals.
Market Snapshot
Median House
$3.1M
+6.9% 1yr
Median Apartment
$1.1M
+5.3% 1yr
Median Townhouse
—
Vacancy Rate
1.7%
29 avg DOM
Yield (Apartment)
3.7%
Yield (House)
2.5%
Auction Clearance
74%
Population
31,200
True Cost Breakdown
Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier
Apartment
Purchase Price
$1,050,000
Stamp Duty
$41,780
1st Year Total
$76,208
House
Purchase Price
$3,100,000
Stamp Duty
$152,910
1st Year Total
$208,700
Run Your Own Numbers
These are median figures. Plug in the actual property you're looking at to see your real all-in cost — including first-home concessions, investment deductions, or different deposit amounts.
Community Profile
Median Income
$80,000
Median Age
35
Walkability
86/100
Public Transport
85/10
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