Building profile · Bondi Junction
Mirvac's twin towers above Eastgate. Three two-bedroom apartments sold in five weeks, all within $100,000 of each other. That is what a proven building looks like.
Seapoint, also known as Grafton Place — 79–81 Grafton Street, Bondi Junction NSW 2022. Mirvac · above the Eastgate shopping precinct.
Newer developments keep reshaping the Bondi Junction skyline. Mirvac's Seapoint, at 79–81 Grafton Street, has stayed where it was and kept its value. It sits on top of the Eastgate shopping precinct, with a level of convenience and build quality that few newer buildings match.
Seapoint, also known as Grafton Place, is known for two things the Mirvac name has long stood for: floor plans larger than the average, and good acoustic privacy between apartments. Buyers who have lived in a thin-walled building know what the second one is worth.
Ten sales in the complex are on the record since March 2024.
The two-bedroom price is settled. Three apartments with the same configuration sold in the space of five weeks, for $1,700,000, $1,720,000 and $1,800,000. The median is $1,720,000. The top of the range went to a higher floor. A fourth sold in April for $1,650,000. A further sale at number 15 — $1,570,000 in May 2025 — is on the export without a recorded configuration, so I have left it out of the two-bedroom range.
That price is well above the suburb. The Bondi Junction two-bedroom median this year is $1,350,000. Every two-bedroom sale at Seapoint cleared it by $300,000 or more.
The record also shows the cycle. A two-bedroom at number 38 reached $1,970,000 in February 2022, and one at number 4 sold for $1,790,000 in March 2024. Today's range sits below the 2022 peak. That is the Sydney story, not a Seapoint one — and the building's prices have given back far less than the newer stock around it.
The larger apartments sit higher again. Three-bedroom residences sold between $2,560,000 and $2,900,000 across 2024 — the $2,900,000 paid for number 20 in July 2024 is the building's top recorded price. The April 2026 sale at $2,600,000 sits inside that range. On Waverley Street, three-bedroom apartments have been trading around $1,728,000.
Two-bedroom sales at Seapoint, against the suburb
One sale has a long history. Apartment 38 at 81 Grafton Street was bought in 1995 for $525,000. It sold in April for $1,650,000. That is more than three times the price, over thirty-one years — a little under 4 per cent a year, gross.
That is not a spectacular number. It is a dependable one. Seapoint does not appear among the ten Bondi Junction sales this year that came in below their purchase price. Several of the newer towers nearby do.
A brand-name developer carries a quality premium. It lasts long after the new-building smell has gone from the projects around it.
Rental demand is very stable. Two-bedroom apartments lease for a median of $1,200 a week, and up to $1,300 for the best of them. They do not sit on the market for long. Tenants who want the lift to Eastgate and the short walk to the interchange tend to take them quickly, and stay.
On the two-bedroom median, that is about 3.6 per cent gross. It is a lower yield than the newer one-bedroom stock nearby. An investor buys Seapoint for a predictable income and a price that holds, not for the highest return on paper.
For a buyer in 2026, the choice between Seapoint and something newly built often comes down to style or substance. The new buildings have the latest smart-home technology and the finishes of the moment. Seapoint has space, and it has certainty about how it was built. Both are getting harder to find.
Investors who want a predictable income and low maintenance should look at established buildings like this one. Seapoint has been part of Bondi Junction for a long time, and the sales record shows why it has lasted.
I read the sales in your own building first. I will tell you plainly where your apartment sits — by tower, level, aspect and parking.
Request a free appraisal Or call Alan on 0412 176 074Principal, Weiss Real Estate. 35 years in the Eastern Suburbs.
Sources. Sales at 79 Grafton Street are from a property export dated 20 October 2026; the export covers number 79 and records no bedroom count for apartments 15, 37 and 41. The sale of 38/81 Grafton Street, and its 1995 price, are from CoreLogic RP Data; CoreLogic records a second lot at the same address at the same price on the same date, which is treated as a duplicate and counted once. Suburb medians are for Bondi Junction unit sales above $500,000 from 1 January to 1 October 2026. Changes are gross and exclude stamp duty, selling costs and renovations; the annual figure is approximate. Price ranges, rents and the Waverley Street comparison are approximate figures for 2025–2026. The yield is gross: weekly rent multiplied by 52, divided by price. Building details are as understood at the time of writing.
This article is general commentary on the Eastern Suburbs property market and does not take account of any individual's circumstances, objectives or financial position. It is not financial, legal or investment advice. Property values move, and past sales are not a reliable indicator of future results. Alan Weiss, Weiss Real Estate — Licence 218396, independent contractor for eXp Australia.
