Ben Fraser
6 Miller Street, Bondi, NSW 2026
Auction, Sat 15th August
3 2 3
Open Saturday 18 July 10:00 am Auction Saturday 15 August 10:30 am๐๏ธ About This Suburb (Last Updated Date: 2026-03-06)
History, Aboriginal heritage, and the story behind the name.
Bondi โ Gadigal Country
Originally part of early colonial land grants used for grazing, Bondi evolved into a residential suburb following the extension of tram lines in the late 19th century. The area transitioned from a seaside getaway to a densely populated urban hub during the Inter-War period, leaving a legacy of Art Deco architecture.
Today, Bondi is a high-wealth professional hub characterized by a mix of historic semi-detached houses and modernised apartment blocks, favouring a lifestyle of walkability and cafe culture.
Overall Score
8.5
A top-tier Sydney suburb with exceptional lifestyle appeal, offset only by its extreme cost.
Aboriginal Name
Boondiโ "Water breaking over rocks or the noise of water breaking over rocks"
Name Origin
Derived from the Aboriginal word 'Boondi', first recorded by European surveyors in the 1830s.
Established
Gazetted 1830s
Coastal Proximity
Heritage Hub
Contains 17 distinct Heritage Conservation Areas within the Waverley LGA.
Walk Score
Consistently ranks as one of Sydney's most walkable residential suburbs.
๐ Scorecard
12 key dimensions scored 0โ10. Each score includes a one-line explanation.
Market Momentum
7
Steady demand from high-income earners maintains price resilience even in broader market dips.
Amenity
9
World-class dining, shopping at Bondi Junction, and proximity to the beach.
Schools
8
Access to high-performing public schools and elite private institutions in the Eastern Suburbs.
Transport
7
Frequent bus services to Bondi Junction rail, though local traffic congestion is a major drawback.
Risk Profile
8
Low risk of capital loss due to land scarcity, though highly sensitive to interest rate shifts for units.
Liveability
9
Exceptional lifestyle balance with parks, beaches, and urban convenience all within walking distance.
Demographics
9
Dominated by high-earning professionals and young families with significant disposable income.
Rental Demand
9
Extremely high demand with vacancy rates consistently below the Sydney average.
Growth Potential
7
High entry prices limit percentage-based growth compared to emerging suburbs, but capital gains remain solid.
Affordability
1
One of Australia's least affordable suburbs relative to median household income.
Crime & Safety
8
Generally very safe, though high foot traffic brings minor opportunistic property crime.
Walkability
9
Daily errands do not require a car; excellent pedestrian infrastructure.
โก Quick Snapshot
Key metrics at a glance, plus your top advantages and watch-outs.
Median House
$4,510,000
Reflecting 12.3% annual growth
Median Unit
$1,460,000
Stable 6.0% annual growth
Vacancy Rate
1.1%
Critically undersupplied rental market
School Rank
93rd Pctl
Bondi Public School ICSEA score
Commute
25 mins
Average time to Sydney CBD via public transport
Green Space
2.3%
Limited but high-quality local parkland
โ
Key Advantages
- Unbeatable lifestyle location between the CBD, Bondi Junction, and the beach.
- Strong historical capital growth and high land value retention.
- Highly educated and affluent demographic ensuring community stability.
- Excellent public transport connectivity via the Bondi Junction interchange.
- Vibrant local economy with high-end retail and diverse culinary options.
โ ๏ธ Key Watch-Outs
- Severe traffic congestion on Bondi Road and Old South Head Road during peak hours.
- Strict heritage conservation overlays can significantly delay or restrict renovations.
- Extremely competitive buying environment with frequent off-market sales.
- Limited on-street parking is a chronic issue for properties without a garage.
- Exposure to aircraft noise depending on specific flight path variations.
๐๏ธ Suburb Overview
Character, property mix, price range and what drives value here.
๐๏ธ Character
Affluent Professional
How this suburb feels day-to-day.
๐ Property Types
Predominantly Art Deco apartments and semi-detached Federation houses.
Dominant dwelling stock.
๐ฐ Price Range
$1.1m (Studio/1BR) to $10m+ (Premium Houses)
Typical entry to ceiling.
๐ก Why It Matters
Bondi serves as the 'middle ground' of the 2026 postcode, offering a more residential feel than the beach strip while maintaining immediate access to its amenities. It is a blue-chip investment destination where demand chronically outstrips supply.
๐ฐ Price Guide & Market Trends
Medians, rental market, 5-year history and property split.
๐ House Median
$4,510,000
$3.5m – $7.5m
๐ข Unit Median
$1,460,000
$950k – $2.5m
๐ Price Trend
+12.3% past 12 months for houses
12-month movement
๐ Weekly Rents
Houses $1,800pw, Units $1,000pw
Current asking rents
๐ 5-Year Price History
๐๏ธ Property Type Split
The market is bifurcated; while units offer a 'cheaper' entry point, the real scarcity and growth are found in the limited stock of detached and semi-detached houses.
๐ฏ Affordability
How this suburb compares to metro and state medians.
๐๏ธ vs Metro Average
180% above Greater Sydney median
Price comparison
๐ Income Ratio
16.5x annual household income
Median price รท median income
๐ณ Gross Yield
2.1% (Houses), 3.8% (Units)
Estimated rental yield
More AffordableModeratePremium
Entry levelMid rangePremium
Bondi is one of the most expensive markets in Australia. Entry requires significant capital or high-leverage professional incomes. Rental yields are low for houses, indicating a market driven by capital growth rather than cash flow.
๐ฅ Rental Demand
Vacancy rates, demand pressure, tenant profile, and investor outlook.
๐ Vacancy Rate
1.1%
Lower = tighter market
โฑ๏ธ Days to Lease
15 days
Avg time on market
๐ Rent Growth p.a.
+20% for houses
Annual rental increase
Demand Level
Very High
๐ค Tenant Profile
Young professional couples, corporate expats, and small affluent families.
๐ผ Investor Outlook
Strong capital growth prospects and zero vacancy risk, but low yields mean properties are typically negatively geared. Long-term hold is essential to realise gains.
๐ Growth Potential
Historical capital growth, infrastructure pipeline, and 5-year outlook.
+12.3%
1-Year Growth
+28%
3-Year Growth
+45%
5-Year Growth
๐ Growth Drivers
- Finite land supply in a highly desirable coastal location.
- Ongoing gentrification and high-end residential redevelopments.
- Proximity to the Bondi Junction commercial and transport hub.
- Strong demand from 'lifestyle' buyers unaffected by minor economic shifts.
โ Headwinds
- High interest rates impacting the borrowing capacity of unit buyers.
- Heritage restrictions limiting the 'value-add' potential of older stock.
- Market saturation at the top end of the price bracket.
๐ฎ 5-Year Outlook
Expect continued outperformance of the Sydney average, driven by the scarcity of houses. Units may see more volatile growth but will remain supported by the rental crisis.
๐ก๏ธ Crime & Safety
Safety index, trend comparison, and what to check locally.
8
Safety Score
Above Average
๐ Trend
Stable
vs last 12 months
๐๏ธ vs Metro Average
Lower violent crime rate than metro average; higher opportunistic theft.
Relative comparison
Risk Categories
Theft: Medium
Assault: Low
Property Damage: Low
๐ What to Check Locally
Check for secure parking and building security in apartment blocks. Most crime is concentrated around the Bondi Road commercial strip.
โ ๏ธ Risk Profile
Natural hazards and planning risks to verify before buying.
๐ Summary
Financial risk is the primary concern due to high entry prices. Physical risks are low, though heritage and traffic are significant lifestyle 'frictions'.
๐ Flood Risk
Low risk; mostly elevated topography.
๐ฅ Bushfire Risk
Nil risk.
๐ฆ Insurance Impact
Standard premiums, though older Art Deco buildings may require specific heritage-compliant coverage.
๐บ๏ธ Planning & Zoning
Development controls, overlays, and what's changing locally.
๐ Typical Zoning
R3 Medium Density Residential
๐ฒ Overlays
Heritage Conservation Area (HCA), Acid Sulfate Soils (Class 5).
๐๏ธ Development Hotspots
Bondi Road corridor and areas adjacent to Bondi Junction.
Waverley Council is highly protective of the suburb's character. Any external modification usually requires a full DA and heritage impact statement.
๐ณ Liveability
Day-to-day experience โ transport, amenity, green space, schools and healthcare.
๐ Transport
Excellent bus network; 15-minute walk to Bondi Junction trains.
๐๏ธ Amenity & Retail
Exceptional; world-class cafes and boutique retail at your doorstep.
๐ฒ Parks & Recreation
Waverley Park and Bondi Park provide high-quality recreational space.
๐ซ Schools
Highly regarded public and private options within a 2km radius.
๐ฅ Healthcare
Proximity to St Vincent's Hospital and Prince of Wales (Randwick).
๐ฅ Demographics
Who lives here โ income, age, ownership, and education levels.
A highly affluent, professional population with a significant proportion of young adults and high-income families.
๐ต Median Income
$131,768 pa (Household median $2,534 pw in 2021)
๐ Ownership
39% owner-occupied, 61% renting
๐ Age Profile
Median age 33
๐ Education
65% hold a Bachelor degree or higher
๐ Age Distribution
The high rental percentage reflects the suburb's popularity with young professionals who cannot yet afford to buy, ensuring a deep and resilient rental pool.
๐๏ธ Major Developments
Infrastructure pipeline and what it means for values and liveability.
๐ Overview
Focus is on streetscape beautification and the Bondi Junction Master Plan rather than large-scale new residential towers within Bondi proper.
๐ Positive Impacts
- Bondi Road streetscape upgrades improving pedestrian safety and aesthetics.
- Completion of the Bondi Junction cycleway connecting to the CBD.
- Refurbishment of local community assets like the Bondi Pavilion.
๐ Negative Impacts
- Ongoing construction noise and traffic diversions during upgrades.
- Increased density in Bondi Junction putting pressure on local road networks.
๐บ๏ธ Nearby Suburb Comparison
How neighbouring suburbs stack up on price, lifestyle and who they suit.
๐Bondi Beach
Position
East
Price
Higher for apartments
Lifestyle
More tourist-centric, noisier, immediate beach access.
Best for
Surfers and short-term investors.
๐Bondi Junction
Position
West
Price
Lower for houses, similar for units
Lifestyle
High-rise living, major retail hub, transport focus.
Best for
Commuters and urbanites.
๐North Bondi
Position
North-East
Price
Significantly higher for houses
Lifestyle
Quieter, more family-oriented, premium 'Ben Buckler' enclave.
Best for
Ultra-high-net-worth families.
๐Tamarama
Position
South-East
Price
Much higher
Lifestyle
Exclusive, coastal, very limited stock.
Best for
Prestige buyers.
๐ Similar Suburbs
Suburbs with a comparable profile โ useful if this one is over budget or sold up.
Manly
NSW
8.5/10
Iconic beach lifestyle with a mix of high-end houses and apartments.
Coogee
NSW
8/10
Eastern suburbs coastal vibe but slightly more family-focused.
Cottesloe
WA
8/10
Premier coastal suburb with high land values and heritage character.
Elwood
VIC
8/10
Leafy, walkable, bayside suburb with significant Art Deco architecture.
๐ฌ Community Sentiment
Aggregated themes from resident discussions, forums and local feedback.
๐ Overall Community Sentiment
Residents love the convenience and 'cool' factor, though frustration with traffic and the cost of living is a common theme.
โ
โ
โ
โ
โ
Lifestyle Balance
I can walk to the beach in 10 minutes and the train in 15. It's the perfect middle ground.
Convenience
Walkability
โ
โ
โ
โ
โ
Traffic issues
Bondi Road is a nightmare on weekends. If you don't have a garage, don't buy here.
Traffic
Parking
๐ก Tailored Advice
Personalised guidance for every role in this market.
๐งโ๐ผ Buyer Strategy
- Prioritize properties with off-street parking; it adds significant resale value.
- Check the specific Heritage Conservation Area (HCA) rules before planning any renovations.
- Attend multiple inspections at different times to assess Bondi Road traffic noise.
- Look for 'unrenovated' semis which offer the best long-term value-add potential.
- Engage a local buyer's agent as many premium properties sell off-market.
โ Questions to Ask the Agent
- Is this property located within a Heritage Conservation Area?
- Has the building had any recent structural or dampness issues (common in coastal areas)?
- What are the specific parking arrangements or local permit zones?
- Are there any planned developments on the immediate street?
- What is the current flight path exposure for this specific address?
- What are the quarterly strata or council rates for this property type?
๐ท๏ธ Seller Strategy
- Highlight any parking or storage as these are the most sought-after features.
- Stage properties to appeal to young professional 'DINK' (Double Income No Kids) couples.
- Ensure all heritage-compliant features are well-maintained and showcased.
- Consider an auction campaign; the Bondi market thrives on competitive bidding.
๐ฃ Positioning Tips
Position the property as a 'lifestyle sanctuary' that avoids the noise of the beach while retaining its prestige and convenience.
๐ผ Investment Case
Capital growth play with zero vacancy risk.
โ ๏ธ Investment Risks
Low yield and high holding costs (land tax and interest).
๐ Action Plan
- Target older Art Deco blocks with low strata fees.
- Focus on 2-bedroom units as they have the highest tenant demand.
- Budget for heritage-sensitive maintenance.
- Hold for a minimum 7-10 year cycle.
๐ Renter Tips
- Have your application ready before the first inspection.
- Offer a longer lease term (12-24 months) to stand out.
- Check mobile reception in older thick-walled Art Deco buildings.
๐๏ธ What Renters Love Here
Unbeatable access to Sydney's best lifestyle amenities.
โ ๏ธ Renter Watch-Outs
High rents and very competitive application processes.
๐ข Landlord Strategy
- Allow pets to increase your tenant pool by 30%.
- Invest in high-quality kitchen and bathroom refreshes.
- Ensure high-speed internet connectivity is available.
๐ Compliance & Management
Strict adherence to NSW residential tenancy laws regarding smoke alarms and water efficiency is mandatory.
๐ค Agent Insights
- The market is currently seeing a flight to quality; renovated homes are breaking records.
- Buyer fatigue is high for properties without parking.
๐ฏ Marketing Angles
The '15-minute city' lifestyle where the beach and CBD are equally accessible.
๐ค Target Buyer Profile
High-earning professionals (30-45) and Eastern Suburbs downsizers.
โ
Due Diligence Checklist
Tap items to tick them off. Don't skip these before signing anything.
โ
Verify heritage status via the Waverley Council LEP.
โ
Conduct a formal building and pest inspection for rising damp.
โ
Check the Section 10.7 Planning Certificate for any hidden overlays.
โ
Review strata minutes for the last 3 years for any special levies.
โ
Test mobile and internet signal strength inside the property.
โ
Measure the car space to ensure it fits a modern SUV.
โ
Visit the property during school drop-off/pick-up times.
โ
Assess the distance to the nearest bus stop and Bondi Junction.
โ
Verify school catchment zones via the NSW School Finder.
โ
Check for any outstanding DA applications on neighbouring properties.
๐ Government Sources & Disclaimer
Official council and government links only. Always verify independently before any property decision.
๐ abs.gov.au
๐ waverley.nsw.gov.au
๐ crimeinsight.bocsar.nsw.gov.au
๐ planningportal.nsw.gov.au
๐ schoolfinder.education.nsw.gov.au
โ ๏ธ Important Disclaimer
This report is for informational purposes only and does not constitute financial or investment advice. Data is based on 2026 market projections and historical trends. Buyers should conduct their own independent due diligence.
