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Randwick Suburb Insights
VICLocation Information
Suburb Name
Randwick, VIC
Distance from CBD
21.2 kmDemographics
Population
29,986
Median Income
$57,460
Area Information
Area
5.31 km²
Population Density
5647 people/km²
Property Market
Median Price
$799,516
Annual Growth
+6.8%Property Price Trend Analysis
Current Median Price
$799,516
Annual Growth
+6.8%
Quarterly Growth
+2.4%
Price Trends - Last 6 Months
2024-01
$447,461
+7.9%2024-02
$755,236
+8.6%2024-03
$475,227
+10.1%2024-04
$712,430
+16.1%2024-05
$1,177,285
+17.5%2024-06
$1,210,378
+8.2%Property Type Price Analysis
House
Median Price
$1,234,719
Growth Rate
+10%Available Listings
296 properties
Apartment
Median Price
$311,343
Growth Rate
+7.4%Available Listings
360 properties
Townhouse
Median Price
$647,144
Growth Rate
+6.2%Available Listings
298 properties
Investment Potential Assessment
Investment Advantages
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy