11.10.2020 Suburb Spotlight

Suburb Spotlight: Bondi

Suburb Spotlight: Bondi

With its iconic beach and all-around cruisy lifestyle, Bondi is a perennially high-demand suburb that’s equally popular with homeowners, investors and renters.

For beachside living combined with great nightlife, café culture, plenty of nearby shopping and easy city access, there are few better places to be than Bondi.

The name

Many place names in Waverley derive from Aboriginal languages, including Bondi. Early records by European settlers record the word ‘Boondi’ as meaning “noise made by sea crashing on the beach”. That is to say, the sound of the surf.

Population snapshot: Who lives in Bondi

As of the 2016 Census, there were 10,045 residents reported in Bondi. The suburb’s median age skews young at 33, with approximately a third of residents aged between 25- to 34-years-old and a median age of 33. It’s a great place to live if you’re single, with over 50% of Bondi’s population reporting their status ‘never been married’, however, there are plenty of families with kids here too.

Market snapshot

The current median price for a house in Bondi is $2,875,000 or $1,145,000 for a unit. Based on five years of sales, Bondi has seen a compound growth rate of 9.1% for houses and 4.6% for units.

5 reasons locals love it

The beach and Bondi Pavilion

It goes without saying that spectacular Bondi Beach is the big draw-card here. We’re lucky enough to have our offices looking out over Campbell Parade and the beach and we can confidently say that we never tire of those views.

Originally a private land grant, the now world-famous Bondi Beach was made public land in 1882, with the first surf bathing sheds built by Waverly Council in 1903. The Bondi Pavilion – then ‘Bondi Municipal Surf Sheds’ – was originally designed as simple changing sheds to stop men undressing on the beach. When it re-opened in 1929 with Turkish Baths, shops, a gym, and even a ballroom, the Pavilion drew enormous crowds of over 200,000 eager beach goers.

After years of contentious debate and protests by locals over its fate, Bondi Pavilion is now getting another major facelift, and will remain a community and cultural hub.

The walks

Do the Bondi to Bronte walk any day of the week and you’re likely to spot local celebrities and Sydney’s most beautiful people getting their morning exercise in too. The 6km Bondi to Coogee Walk has jaw-dropping clifftop coastal views with plenty of places to swim and eat along the way. In fact, Sydney’s two most famous beaches are connected by 80km of public walking tracks spanning Bondi to Manly.

Cultural melting pot

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The demographics of the area have shifted considerably over time. Through much of the 20th century it was a working class neighbourhood and home to many expat kiwis. After World War II, Bondi attracted many Jewish immigrants, an influence that can still be seen in the community today with a number of synagogues and kosher butchers in Bondi and surrounds.

Over time, the postcode has gradually become a relatively affluent area. However, Bondi retains a melting pot community feel, and remains tremendously popular with renters, backpackers and tourists.

Housing is diverse here too, from large modern family homes to terraces and charming art deco apartments.

Wining and dining

Not only does Bondi have an excellent café culture – if it’s a Buddha Bowl or green juice you’re after you won’t go lacking (maybe just don’t mention the Bondi Hipsters).

There’re also plenty of pubs, restaurants and more Thai restaurants than you can shake a satay stick at. Of course, Bondi’s most famous eatery is the Icebergs Dining Room and Bar, located at the iconic Bondi Icebergs Club where locals go to swim, sauna, do outdoor yoga or enjoy a beer and pub grub at the most casual bistro downstairs.

Shopping from Bondi Junction and the Bondi markets

Neighbouring Bondi Junction is the place to head for serious shopping, with its mammoth Westfield showcasing leading brands. The train station is also at Bondi Junction, about 2km from Bondi Beach, and there are plenty of buses from Bondi to the city and surrounding suburbs. The Bondi Markets (farmers markets on Saturday and general markets on Sunday) are also hugely popular with locals.

If Bondi is on your watch list, don’t hesitate to get in touch with our team today.