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Sales Activity
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Population
Randwick - North is positioned among the lower quartile of areas assessed nationally for population growth based on AreaSearch's assessment of recent, and medium term trends
As of August 2025, Randwick - North's population is approximately 16,714, indicating a rise of 508 individuals since the 2021 Census which reported a population of 16,206. This increase is inferred from the estimated resident population of 16,679 as of June 2024 and an additional 27 validated new addresses since the Census date. The population density stands at 8,615 persons per square kilometer, placing Randwick - North in the top 10% of national locations assessed by AreaSearch. Overseas migration contributed approximately 84.9% to recent population gains. AreaSearch's projections for Randwick - North are based on ABS/Geoscience Australia data from 2024 with a base year of 2022, and NSW State Government SA2 level projections for areas not covered by this data, using a base year of 2021.
By 2041, the population is projected to increase by 1,265 persons, representing a 7.4% gain over the 17-year period, which is just below the median growth rate for national statistical areas.
Frequently Asked Questions - Population
Development
The level of residential development activity in Randwick - North is very low in comparison to the average area assessed nationally by AreaSearch
Randwick - North has averaged approximately 12 new dwelling approvals annually over recent years. Between financial years FY-21 and FY-25, a total of 64 homes were approved, with an additional 44 approved so far in FY-26. Despite population decline during this period, housing supply has been adequate relative to demand, resulting in a balanced market with good buyer choice.
The average expected construction cost for new dwellings is $714,000, indicating that developers are targeting the premium market segment. This financial year has seen $19.6 million in commercial approvals, reflecting moderate levels of commercial development. Compared to Greater Sydney and nationally, Randwick - North has significantly less development activity, with 71.0% below the regional average per person. This scarcity typically strengthens demand and prices for existing properties. New development consists of 22.0% detached dwellings and 78.0% townhouses or apartments, offering affordable entry pathways and attracting downsizers, investors, and first-time purchasers. The location has approximately 2568 people per dwelling approval, demonstrating an established market.
Future projections show Randwick - North adding 1,230 residents by 2041. If current construction levels persist, housing supply may lag population growth, potentially intensifying buyer competition and supporting price growth.
Frequently Asked Questions - Development
Infrastructure
Randwick - North has very high levels of nearby infrastructure activity, ranking in the top 20% nationally
The performance of an area can significantly be influenced by changes in local infrastructure, major projects, and planning initiatives. AreaSearch has identified a total of 13 such projects that are expected to impact the area. Notable among these are the Randwick Health and Innovation Precinct, Newmarket Randwick, Randwick High School Co-educational Facility Upgrade, and The Bennett Randwick by TOGA. The following list details those projects likely to be most relevant.
Professional plan users can use the search below to filter and access additional projects.
INFRASTRUCTURE SEARCH
Frequently Asked Questions - Infrastructure
Randwick Health and Innovation Precinct
Australia's largest co-located health precinct with over $1.5 billion investment. Comprises three major projects: Prince of Wales Hospital Acute Services Building ($870M, completed), UNSW Health Translation Hub ($600M, 35,600sqm translational research facility completing late 2025), and Sydney Children's Hospital Stage 1 with Minderoo Children's Comprehensive Cancer Centre ($658M, completing late 2025). Integrates world-class health services, medical research, education facilities, and industry partnerships. Brings together UNSW, four hospitals (Prince of Wales, Sydney Children's, Royal Hospital for Women, Prince of Wales Private), and nine research institutes spanning neuroscience, mental health, cancer and biomedical sciences.
Sydney Children's Hospital Stage 1 & Minderoo Children's Comprehensive Cancer Centre
A $658 million redevelopment delivering a new 12-storey children's hospital and the Minderoo Children's Comprehensive Cancer Centre, integrating world-leading clinical care, research, and education. Features include 200 beds, expanded emergency department, neurosciences centre, and advanced paediatric cancer facilities. Construction is complete, with commissioning underway and opening to patients expected in late 2025.
Randwick Cultural Facility
The Randwick Cultural Facility, proposed by Randwick City Council, aims to create a vibrant hub for local artists and community engagement. It will feature exhibition spaces, artist studios, community workshops, performance areas, and a new library. The project seeks to enhance cultural offerings and foster creative collaboration in Randwick.
Randwick Junction Town Centre Planning Strategy
A strategic plan to guide the sustainable development of Randwick Junction over the next 20 years, focusing on urban renewal, heritage preservation, and enhanced community spaces. The strategy includes provisions for mixed-use developments, improved public transport, and green spaces.
Royal Randwick Racecourse - Leger Lawn Development (Winx Stand)
The Winx Stand is a two-level facility named after the champion racehorse Winx, featuring world-class hospitality areas, premium dining facilities, and spectator amenities. It includes an expansive ground floor indoor space for up to 4750 patrons with trackside access, and an upper level with indoor spaces and an open-air terrace. The stand enhances the raceday experience and serves as a venue for events and conferences.
Newmarket Randwick
A comprehensive mixed-use masterplanned community by Cbus Property spanning 5.5 hectares providing 642 residential dwellings, 2,300sqm of retail dining precinct, and integrated public plaza with community facilities at the historic former Inglis Newmarket Stables site. Features multiple architectural collections including Newmarket Residences, Young & Fennelly, Jane St Terraces, and The Chiltern Collection. Stage 1 completed in 2021, Stage 2 under construction with completion due in 2025, Stage 3 under construction started in 2025.
Randwick High School Co-educational Facility Upgrade
The NSW Government is investing $42 million to upgrade Randwick Boys High School and Randwick Girls High School into a co-educational Randwick High School. The upgrade includes power supply enhancements, upgraded science labs, new fitness learning hubs, technology and applied sciences facilities, covered walkways, refurbished libraries with mezzanine levels, and more. The school transitioned to co-educational operations in Term 1 2025, with major capital works ongoing and expected to be completed by 2027.
The Bennett Randwick by TOGA
A boutique collection of 44 thoughtfully designed, oversized studio, 1, 2 and 3 bedroom apartments and hotel suites. The project, developed by TOGA, is located opposite the Prince of Wales Hospital precinct and UNSW. It includes ground floor retail and dining spaces.
Employment
Randwick - North ranks among the top 25% of areas assessed nationally for overall employment performance
Randwick - North has a highly educated workforce with notable representation in the technology sector. Its unemployment rate was 2.7% as of June 2025, which is lower than Greater Sydney's rate of 4.2%.
The area experienced an estimated employment growth of 3.4% over the past year. As of June 2025, 11,302 residents are employed with a workforce participation rate of 70.0%, higher than Greater Sydney's 60.0%. Employment is concentrated in professional & technical (1.4 times the regional average), health care & social assistance, and education & training sectors. Manufacturing employment is limited at 2.2% compared to the regional average of 5.7%.
Over the 12 months to June 2025, employment increased by 3.4%, while labour force grew by 2.5%, reducing the unemployment rate by 0.8 percentage points. In contrast, Greater Sydney saw employment rise by 2.6% and unemployment increase by 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May 2025 project a 6.6% growth over five years and 13.7% over ten years nationally. Applying these projections to Randwick - North's employment mix suggests local growth of approximately 7.6% over five years and 15.1% over ten years.
Frequently Asked Questions - Employment
Income
The economic profile demonstrates exceptional strength, placing the area among the top 10% nationally based on comprehensive AreaSearch income analysis
Randwick - North has an exceptionally high national income level according to latest ATO data aggregated by AreaSearch for financial year 2022. Its median taxpayer income is $77,822 and average income stands at $126,232, compared to Greater Sydney's figures of $56,994 and $80,856 respectively. Based on Wage Price Index growth of 12.61% since financial year 2022, current estimates are approximately $87,635 (median) and $142,150 (average) as of September 2025. Census data shows household, family and personal incomes all rank highly in Randwick - North, between the 88th and 97th percentiles nationally. The earnings profile reveals that 31.7% of residents (5,298 people) earn between $1,500 and $2,999 weekly, reflecting broader area patterns where 30.9% similarly occupy this range. Notably, 40.6% earn above $3,000 weekly, indicating pockets of prosperity driving robust local economic activity. High housing costs consume 19.3% of income, yet strong earnings place disposable income at the 83rd percentile and the area's SEIFA income ranking places it in the 10th decile.
Frequently Asked Questions - Income
Housing
Randwick - North features a more urban dwelling mix with significant apartment living, with a higher proportion of rental properties than the broader region
In Randwick - North, as evaluated in the latest Census, 11.5% of dwellings were houses while 88.4% were other types such as semi-detached homes, apartments, and 'other' dwellings. This contrasts with Sydney metro's figures of 26.9% houses and 73.1% other dwellings. Home ownership in Randwick - North stood at 24.2%, with mortgaged dwellings at 25.3% and rented ones at 50.5%. The median monthly mortgage repayment was $3,000, lower than Sydney metro's average of $3,033. The median weekly rent in Randwick - North was $570, compared to Sydney metro's $550. Nationally, Randwick - North's median monthly mortgage repayments were significantly higher at $3,000 compared to the Australian average of $1,863, while median weekly rents were substantially above the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Randwick - North features high concentrations of group households and lone person households, with a lower-than-average median household size
Family households account for 60.5 percent of all households, including 25.5 percent couples with children, 25.8 percent couples without children, and 8.0 percent single parent families. Non-family households constitute the remaining 39.5 percent, with lone person households at 31.2 percent and group households making up 8.2 percent of the total. The median household size is 2.2 people, which is smaller than the Greater Sydney average of 2.4.
Frequently Asked Questions - Households
Local Schools & Education
Educational achievement in Randwick - North places it within the top 10% nationally, reflecting strong academic performance and high qualification levels across the community
Educational attainment in Randwick - North shows a significant advantage with 58.4% of residents aged 15+ holding university qualifications compared to the national average of 30.4% and the NSW average of 32.2%. Bachelor degrees are the most common at 37.7%, followed by postgraduate qualifications (17.2%) and graduate diplomas (3.5%). Vocational pathways account for 21.2% of qualifications, with advanced diplomas at 9.7% and certificates at 11.5%. Educational participation is high, with 28.9% of residents currently enrolled in formal education.
This includes 8.7% in primary education, 8.1% in tertiary education, and 5.6% pursuing secondary education. Randwick - North operates a robust network of 6 schools educating approximately 2,043 students, with significant socio-educational advantages and academic achievement indicated by an ICSEA score of 1136. The educational mix includes 3 primary, 1 secondary, and 2 K-12 schools.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
Transport analysis shows 59 active transport stops operating within Randwick - North, consisting of a mix of buses. These stops are served by 50 individual routes, collectively providing 6,501 weekly passenger trips. Transport accessibility is rated excellent, with residents typically located 114 meters from the nearest transport stop.
Service frequency averages 928 trips per day across all routes, equating to approximately 110 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Randwick - North's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups
Health outcomes data shows excellent results in Randwick - North, with very low prevalence of common health conditions across all age groups. The rate of private health cover is exceptionally high at approximately 80% of the total population (13,404 people), compared to 70.6% across Greater Sydney and a national average of 55.3%. The most prevalent medical conditions are asthma and mental health issues, affecting 6.5% and 6.3% of residents respectively.
A significant majority, 77.3%, report being completely clear of medical ailments, compared to 76.0% across Greater Sydney. The area has a senior population (aged 65 and over) comprising 15.1% of residents (2,522 people). Health outcomes among seniors align broadly with the general population's health profile.
Frequently Asked Questions - Health
Cultural Diversity
Randwick - North was found to be more culturally diverse than the vast majority of local markets in Australia, upon assessment of a range of language and cultural background related metrics
Randwick-North was found to be more culturally diverse than most local areas, with 20.6% speaking a language other than English at home as of the 2016 Census. It had a higher proportion born overseas, at 39.8%. Christianity was the dominant religion in Randwick-North, making up 44.4% of people.
However, Judaism stood out with 6.5%, compared to 4.4% across Greater Sydney. The top three ancestry groups were English (23.5%), Australian (17.4%), and Irish (13.0%). Notably, Russian (1.2%) was slightly overrepresented compared to the regional average of 1.1%. Similarly, Hungarian (0.9%) and Polish (1.4%) had higher representations than their respective regional averages of 0.6% and 1.1%.
Frequently Asked Questions - Diversity
Age
Randwick - North's population is slightly younger than the national pattern
The median age in Randwick - North is 37 years, which matches Greater Sydney's figure and is comparable to Australia's median age of 38 years. The 25-34 age group constitutes 21.9%, higher than Greater Sydney's percentage. Conversely, the 5-14 age group comprises 9.0%. Nationally, the 25-34 age group represents 14.5%. Between 2021 and present, the 15 to 24 age group has increased from 8.4% to 10.6%, while the 5 to 14 cohort has decreased from 10.1% to 9.0%. The 45 to 54 age group has also declined, from 12.7% to 11.7%. By 2041, demographic projections indicate significant shifts in Randwick - North's age structure. Notably, the 85+ group is projected to grow by 103%, reaching 894 people from a base of 439. The aging population trend is evident, with those aged 65 and above accounting for 70% of the projected growth. Conversely, the 15 to 24 and 35 to 44 age groups are expected to experience population declines.