Suburb Profile

Suburb Spotlight – RANDWICK

By October 21, 2020 No Comments

Location

Just 6kms south-east of the city, Randwick is one of the East’s largest suburbs. Home to landmarks including the Randwick Racecourse, Centennial Parklands and The Prince of Wales Hospital precinct, Randwick has everything from entertainment to exceptional amenity and abundant green space. The suburb also boasts a selection of local schools as well as TAFE and UNSW campuses, and has found new connectedness in the form of the South East light rail.

What The Locals Love

Randwick locals love being close to everything, with the suburb just a quick commute to the city and only minutes from the beach. The Spot with its charming Art Deco Ritz cinemas, alfresco eateries and annual film and food festival form the entertainment hub of the suburb. For drinks try an innovative cocktail from the expert mixologists at Bat Country or chose from the stellar selection of craft beers on tap at The Cookhouse. The recent arrival of Newmarket’s open-air piazza has added a new dimension to Randwick’s dining scene, with former Surry Hills institution Baccomatto Osteria now calling the suburb home. But for old faves it’s hard to go past the Thai and tapas joints of The Spot. When it comes to shopping, Royal Randwick Shopping Centre is where you’ll find everything from Harris Farm Markets to wellness offerings and boutiques.

Fun Fact

Randwick has had a long affinity with racing. The track at Royal Randwick was built in the early 1830’s and originally called the Sandy Course. Races were held at the Sandy Course until the deteriorating track was deemed too dangerous and racing was moved out to Homebush. After a 20 year hiatus the historic grandstand was constructed at Randwick and racing retuned in 1860.

Current Market

According to the latest data from Realestate.com.au, median property prices in Randwick over the last year range from $2,550,000 for houses to $977,500 for units. Housing here is diverse with everything from beautiful original homes to townhouses and high rise apartment complexes appearing along its tree-lined streets. The demographic is dominated by maturing and established independents (25.6%), followed closely by independent youth (21.9%) and maturing families and couples (10.6%). The average age of those living in Randwick fall into the 20-39 age bracket according to the latest data from Domain.com.au, with renters only just pipping the owner occupiers making up 52% of its current population.

Check out the most recent sales by the Adrian Bo team in Randwick. If you’re thinking of buying or selling, reach out to my team for an in depth discussion of the Randwick market.

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