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Bondi Real Estate Market Trends & Future Outlook
The Bondi property market mirrors Sydney’s eastern suburbs, shaped by economic shifts, buyer sentiment, and evolving sales trends. Over the past four years, sales activity peaked in 2021-2022, followed by a sharp decline as interest rates rose, reducing buyer capacity.
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A Snapshot of Trends and Influences
The Bondi real estate market stands as a microcosm of Sydney’s vibrant eastern suburbs, reflecting the interplay of economic forces, buyer sentiment, and evolving trends in property transactions. Over the past four years, this tightly held market has navigated periods of strong sales activity, followed by challenges posed by broader economic shifts and changing buyer behaviour.
With a stable total of 19,752 homes, the percentage of properties sold annually has revealed the market’s fluctuations:
- 2021-2022: 974 homes sold, representing approximately 4.93% of the total homes.
- 2022-2023: 569 homes sold, accounting for about 2.88%.
- 2023-2024: 742 homes sold, equating to roughly 3.76%.
- 2024 (Jan)-2025 (Jan): 687 homes sold, making up approximately 3.48%.
This data highlights a peak in sales activity during 2021-2022, followed by a sharp decline in 2022-2023 as market conditions tightened. While the subsequent years showed signs of recovery, sales levels remained below the highs of 2021-2022.
The Role of Economic and Market Forces
The influence of interest rates has been a driving factor in Bondi’s property market trends. During 2021-2022, the Reserve Bank of Australia’s historically low cash rate of 0.10% spurred heightened buyer activity, resulting in the highest sales percentage in recent years. As rates began to climb—reaching 4.35% by 2024—buying capacity reduced, and this was reflected in a notable decline in sales.
The current anticipation of potential interest rate cuts in 2025 provides a glimmer of hope for increased activity. Lower rates could alleviate mortgage stress and attract more buyers back into the market, particularly first-home buyers who have been priced out in recent years.
Auction clearance rates, another key indicator, have mirrored these economic trends. Bondi’s market experienced robust clearance rates of up to 90% during the low-rate era, only to witness a slowdown to below 60% in late 2024. However, early 2025 data suggests a stabilising trend, offering optimism for a more balanced market moving forward.
Buyer Behaviour and Market Dynamics
While economic factors play a significant role, buyer behaviour adds another layer of complexity. Bondi, like other eastern suburbs, sees a strong preference for the “buy before you sell” approach. This strategy often creates a competitive environment, particularly in tightly held markets with limited inventory.
In addition, the digital era has reshaped how buyers interact with the market. Property searches have moved largely online, enabling prospective buyers to access a wealth of information at their fingertips. This shift has expanded the reach of property campaigns, with well-presented listings now able to attract a wider pool of buyers. While the expertise of real estate agents remains critical, digital tools have made the market more accessible and transparent.
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