Randwick is one of Sydneyâs most historic and architecturally beautiful suburbs. Situated in the heart of the popular southeastern suburbs, Randwick boasts some of Sydneyâs most impressive heritage buildings, and is the home of horse racing in Sydney. The suburb comes alive with the glamour and style of racing as thousands flock to the Spring Racing Carnival race meets. Cheap hotels are easy to find in Randwick, Sydney, NSW, although advanced reservations are recommended. Last-minute accommodation is generally available at most times of the year.