Located just 5km from the Sydney CBD and home to a major transport interchange, Bondi Junction is a popular choice for young professionals.
With a direct train link to the centre of the city at Martin Place in only 10 minutes, the suburb represents a comfortable fusion of convenience and leisure, with the world-famous Bondi Beach also within walking distance along Bondi Road.
Although the renowned Bondi Tram has long since stopped running, Bondi Junction is also home to a bus interchange making access to the popular eastern beachside suburbs a simple proposition.
In recent years, Bondi Junction has undergone a major structural change with Westfield building a huge Shoppingtown in the heart of the suburb, now one of the largest shopping centres in the southern hemisphere.
The suburb is also home to a wide range of cafes, restaurants, and pubs and represents the ultimate work/life balance for the city worker.
Despite being a busy suburb, Bondi Junction is home to a number of leafy green streets with attractive terraced properties, such as Denison Street, and particularly Mill Hill Road.
Further down Newland Street towards Queens Park, are more spacious detached houses which accordingly command premium prices.
The median house price of the suburb is $2.25 million, with the most desirable houses being located away from the busy transport hub.
With the suburb’s relatively young demographic, there are also a number of large apartment developments in Bondi Junction.
With relatively few height restrictions on building in the suburb, it is important that investors and homebuyers who are looking at apartments ensure that they seek stand-out units with unique features to set them apart.
With many apartments in the suburb commanding million dollar views of the Sydney Harbour Bridge and the majestic harbor and Opera House, the median apartment price in Bondi Junction has climbed to $1.1 million in recent years.
Bondi Junction is a great suburb for investors and homebuyers alike. With the population of Sydney growing so rapidly and the city’s traffic intensifying with each passing year, properties located close to transport hubs are becoming increasingly sought after, and in this regard Bondi Junction scores 10 out of 10.
The best buys include Victorian terraces, the supply being almost totally fixed, with some great homes in the $2-3m price range.
Other suburbs that we have actively been buying this property type in include perennially popular Paddington, which has some classic terraced homes, and Surry Hills, which is becoming increasingly trendy.
Only a short distance from the Sydney business district, Surry Hills stands to benefit from the CBD & South East Light Rail project from its scheduled completion in 2019, and is becoming one of the world’s most desirable suburbs.