North Bondi has continued to attract significant attention from property buyers, with its coastal charm and close proximity to the heart of Sydney making it a highly desirable location. This year till the end of July 2024, the market has demonstrated strong performance across both houses and units, reflecting the ongoing demand for properties in this iconic suburb.
Housing Market Overview
The housing market in North Bondi has been exceptionally strong, with a median sales price of $4,600,000. This year till the end of July 2024, a total of 27 houses were sold, generating a total sales value of $130.85 million. The top three house sales in North Bondi highlight the premium that buyers are willing to pay for prime real estate in this area:
6 Glenayr Avenue
Sale Price: $10,700,000
Sale Date: 8th May 2024
19 Niblick Street
198 Hastings Parade
These sales underscore the strong demand for spacious and well-located homes in North Bondi, particularly those offering modern amenities and easy access to the beach.
Unit Market Overview
The unit market in North Bondi has also performed well, with a median sales price of $1,432,500. This year till the end of July 2024, a total of 50 units were sold, generating a total sales value of $88.32 million. The top three unit sales demonstrate the ongoing interest in North Bondi’s apartment market:
6/116-118 Brighton Boulevard
1/11 Hardy Street
17/101 Ramsgate Avenue
The unit market remains diverse, catering to a wide range of buyers, including investors, young professionals, and families seeking a coastal lifestyle with modern conveniences.
Market Outlook
As we look towards the remainder of 2024, the North Bondi property market is expected to maintain its strong momentum. The combination of limited inventory, high buyer demand, and the suburb’s enduring appeal will likely continue to drive growth in both the housing and unit sectors.
For those looking to invest in North Bondi, now is an excellent time to enter the market. The suburb’s strong track record of capital growth and its appeal to a broad demographic ensure that it remains a solid investment choice.
In conclusion, North Bondi’s real estate market continues to thrive, with both houses and units achieving impressive sale prices. The top sales in each category highlight the suburb’s desirability and the confidence buyers have in the long-term value of North Bondi properties. The outlook remains positive, with continued growth anticipated throughout the rest of 2024.