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Randwick is a suburb that has the best of both worlds. Its proximity to the city and beach gives it value. It is approximately 6km south east of the Sydney CBD in New South Wales, Australia. It is the admin centre of the local government area of the City of Randwick. Randwick is a popular suburb for property investment.
Randwick is close to the beaches at Coogee and Maroubra. It is also close to the CBD which makes Randwick a very ideal location to invest in. Residents love the versatility of the suburban lifestyle and the 5 minutes to Coogee beach. The median price for houses is over two million dollars. With prices rising, it is a hot spot for investment.
High rise apartments are well sought after. Semi-detached houses are getting harder to get.
The most common properties are apartments and townhouses respectively.
The top amenities in Randwick include the many cafes, bars, restaurants and shops it has on offer. There are many schools and universities in the area giving families’ choice on where to send their kids. The main shops are on Belmore road where people can enjoy the luxuries of Randwick. The famous Randwick racecourse is a must see which also joins up with the infamous Centennial Park. There is also a Ritz cinema available. If this is not enough, you can easily visit the beachside suburbs Coogee and Maroubra.
Most Randwick workers worked in the industry Health Care and Social Assistance in 2011 with 2119 people working in this area.
Unfortunately, Randwick has no train line but it still has an extensive bus system as well as taxis. But with everything being so close to Randwick it shouldn’t be that much of an issue.
The main place which is known as the hub of Randwick is Belmore road. Other arteries include Avoca Street and Allison Road.
Stanley Street has been described as the perfect location to live in Randwick. This is because of its proximity to Centennial Park and Belmore Road and also quite close to schools. It is a tree lined street which gives it some exclusiveness and quietness. Another street great for property investing in Blenheim Road. It contains the same features as Stanley Street but it is also quite close to the bus stops.
Metropole has their Sydney buyers agents office located a mere 10 minute drive up past Centennial Park. If you are considering investing in property in Randwick, please consider consulting one of our agents first.
Michael Yardney is one of the biggest names in property investment in Australia. He has written for just about every property magazine, newspaper and website in the country. He is also the owner of Metropole’s buyers agents in Melbourne, Sydney and Brisbane.