Spotlight on Bondi: A lure for young professionals

With about 1,100 houses and more than 5,000 apartments, Bondi is the famed beachside suburb popular with young professional renters and tourists alike for its active, outdoors-focused lifestyle.

Mostly medium and high-density residential, the median house price is above $2 million, but the median apartment price is less than half that.

Studio apartments within the past six months have sold for under $500,000, with one bedroom apartments often selling under $600,000.

The most common age group in the suburb is 25 to 34 - making up a third of residents - with most households being without children.

Group households are also more popular in Bondi than other areas in Sydney, latest Census data shows.

With a Westfield at Bondi Junction and street shops, the suburb provides easy access to a blend of retail therapy and beachside relaxation.

Airbnb has become popular in Bondi, at an average $184 a night as tourists flock into the iconic location.

Traditional rental properties in the suburb range from $2,500 a week for a five bedroom house to $300 for a studio. Backpacker and hostel accommodation is plentiful in the Bondi area.Five most expensive streets by median value (houses):

  • Flood Street $3,172,971
  • Sandridge Street $2,879,606
  • Wilga Street $2,660,440
  • Rockley Street $2,589,511
  • Ocean Street South $2,450,622

Five most expensive streets by median value (apartments):

  • Ocean Street South $1,549,797
  • Wilga Street $1,196,823
  • Watson Street $1,168,614
  • Henderson Street $1,121,482
  • Fletcher Street $1,025,165

Source: Residex

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