Building profile · Bondi Junction
Nine whole-floor residences on Waverley Crescent, opposite parkland. One of the most tightly held pockets of Bondi Junction, and one of its most successful boutique buildings.
Aira, also marketed as Aria — 5–7 Waverley Crescent, Bondi Junction NSW 2022. Nine residences · one per floor · three bedrooms and three bathrooms each.
Aira combines architecture, scale, privacy and long-term capital performance. That combination is rare anywhere. In Bondi Junction it is rarer still.
What was delivered on the site is now one of the suburb's most successful boutique apartment developments. There are just nine whole-floor residences. Each has the privacy and proportions of a house, not an apartment.
Recent sale marketing describes the building as architecturally acclaimed, with a strong focus on privacy, design and low-maintenance luxury.
Each apartment has its own level. With only nine residences there is no sense of volume. No long corridors. No crowded lift lobbies. No tower. Aira gives you the ease of strata living without giving up space, light or privacy.
They don't feel like standard units. They feel like houses in the sky.
The sales history shows how tightly held the building has become, and how buyers respond when an apartment does come up. Three residences have resold. All three sold for more, and two of them by a wide margin.
Unit 8 is the quieter result. It started from one of the highest original prices in the building, so it had less ground to make up. Unit 1 is this year's sale — $3,400,000 in February, on a 2013 price of $2,160,000.
| Residence | Configuration | Recorded sale history |
|---|---|---|
| Unit 1Resold | 3 bed · 3 bath · 2 car | Sold $3,400,000 in February 2026; purchased $2,160,000 in 2013 |
| Unit 2 | 3 bed · 3 bath · 1 car | Sold $2,550,000 in July 2022 |
| Unit 3 | 3 bed · 3 bath · 1 car | Sold $2,050,000 in 2013 |
| Unit 4Resold | 3 bed · 3 bath · 2 car | Sold $3,850,000 in May 2025; purchased $2,200,000 |
| Unit 5 | 3 bed · 3 bath · 1 car | Sold $1,950,000 in 2012 |
| Unit 6 | 3 bed · 3 bath · 1 car | Sold $1,950,000 in 2012 |
| Unit 7 | 3 bed · 3 bath · 2 car | Sold $2,179,000 in 2012 |
| Unit 8Resold | 3 bed · 3 bath · 2 car | Sold approx. $3,400,000 latest; prior sale $2,950,000 in 2019; original sale $2,750,000 in 2012 |
| Unit 9 | 3 bed · 3 bath · 2 car | Sold $2,850,000 in 2012 |
Domain's building profile records the February 2026 sale of 1/5–7 Waverley Crescent at $3.4 million, after an earlier purchase at $2.16 million in 2013, and the May 2025 sale of 4/5–7 Waverley Crescent at $3.85 million, along with earlier sales across the building. Percentage gains are calculated on recorded prices and are gross. Sales data is indicative, not a valuation.
Over twelve to fifteen years, values in the building have risen substantially. The strongest resale recorded a 75 per cent gain. That stands out in a suburb where many larger developments have not followed the same path.
Market momentum alone did not do it. The building's fundamentals did. New developments in Bondi Junction are shaped by density, feasibility and smaller apartment formats. Large, whole-floor apartments in boutique buildings are simply not being delivered in meaningful numbers.
That is why Aira sits in a different category from standard apartment stock. It has what buyers struggle to find.
Aira's position on Waverley Crescent is central to its appeal. It sits opposite parkland, with a quieter, greener outlook than most apartment buildings in the Junction. Yet within minutes you can walk to Westfield, cafés, restaurants, medical services and the transport interchange. The CBD is an easy train or bus ride away.
In a suburb where density keeps rising, positions like this become more valuable, not less.
The strongest buildings aren't always the largest. The best long-term performers are often the ones that are hard to repeat.
Aira is one of Bondi Junction's most successful boutique apartment buildings because it delivers what the market now wants and rarely finds.
It has scale. It has privacy. It has architectural identity. It has a limited number of residences. And it has a location that gives residents both convenience and breathing space.
With only nine residences and a high share of long-term owners, chances to buy are very limited. Apartments of this calibre are often known to serious buyers before they reach the wider market.
Securing an apartment in Aira isn't about timing the market. It's about being known to the right person before one is offered.
Call Alan · 0412 176 074The right approach can make a substantial difference to the outcome. Get an honest read on where your apartment sits today, with no obligation.
Request a free appraisalPrincipal, Weiss Real Estate. 35 years in the Eastern Suburbs.
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.
