What is the true cost of buying an apartment in Randwick?

The median apartment in Randwick is $1,050,000. Including stamp duty ($41,780), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $76,208, or $6,351/month.

What does it really cost to buy a house in Randwick?

The median house in Randwick is $3,100,000. True first-year cost including stamp duty ($152,910), rates, insurance, maintenance, and mortgage repayments is approximately $208,700.

What is the vacancy rate in Randwick?

Randwick currently has a vacancy rate of 1.7%. Properties average 29 days on market.

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True Cost of Buying in Randwick

2031 NSW

Stable

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.

Premium location 6km from Sydney CBD with excellent transport connectivityWorld-class healthcare and education facilities including UNSW proximityStrong rental demand evidenced by 1.7% vacancy rateDiverse housing stock from heritage homes to modern developmentsClose to Centennial Park and eastern beaches lifestyle amenities

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

$6,351/mo

Purchase Price

$1,050,000

Stamp Duty

$41,780

1st Year Total

$76,208

House

$17,392/mo

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.

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Community Profile

Median Income

$80,000

Median Age

Walkability

86/100

Public Transport

85/10

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