Building profile · Bondi Junction
Industrial finishes, high ceilings and a rooftop garden, 100 metres from Westfield. Three one-bedroom sales this year landed within $12,000 of each other.
Bondi Central — 109 Oxford Street, Bondi Junction NSW 2022. Stargate Property Group · completed 2019.
Bondi Central stands at 109 Oxford Street. Stargate Property Group completed it in 2019. It has become a favourite with professionals and investors who want something closer to New York than to the resort-style towers of an earlier era.
The look is industrial. Timber floors, exposed concrete and steel accents. The ceilings are high and the windows are double-glazed.
The rooftop gives the building a shared life that is not common in the Eastern Suburbs. The double glazing and ducted climate control keep the running costs down.
This is the point most buyers miss. The one-bedroom apartments run from 73 to 81 square metres internal, and average 76. That is well above the newer shoebox stock nearby. The two-bedroom apartments are 104 to 112 square metres, with a proper dining zone and a proper living zone.
Five sales since late 2025 tell the story. Four one-bedroom apartments and one two-bedroom.
The one-bedroom price is settled. The median is $1.00 million and the typical range is $980,000 to $1.05 million. Three of this year's four sales came in at $988,000, $989,000 and $1,000,000. Buyers know what a one-bedroom here is worth, almost to the dollar.
That price is well above the suburb. The Bondi Junction one-bedroom median this year is $835,000. Bondi Central trades about $150,000 over it. The size explains most of that.
Height earns a premium. The level 11 one-bedroom sold for $1,125,000, clear of the range. The top two-bedroom sale, apartment 1001, reached $1,950,000 on a high floor facing north. Two-bedroom apartments have a median of $1.78 million and typically sell between $1.485 million and $1.95 million.
The building's range, and the recent sales
A settled price is not the same thing as capital growth. Two of this year's sales have an earlier price, and both were bought before the building was finished.
Apartment 1102 was bought in 2018 for $1,080,000. It sold for $1,125,000. That is 4.2 per cent in eight years.
Apartment 506 was bought in 2017 for $1,120,000. It sold for $989,000. That is $131,000 less, before stamp duty and selling costs.
Two sales are not a growth rate for a building. But the lesson is the one I see across the newer towers in the Junction. The off-the-plan price was a forward price. The resale market has since said what the apartments are worth — and it says it very consistently.
Today's buyer pays the market's price. The first buyer paid the brochure's.
The rental side is where Bondi Central does its best work. The tenants are professionals who want something new, stylish and close. They turn over more often than in the older buildings, and they pay for the privilege.
Three-bedroom apartments lease for $1,850 to $2,050 a week and more. Recent leases, as at March 2026:
Those yields sit above the older complexes nearby. For an investor buying at today's price, that is the case for the building.
The useful comparison is with the older tower on Spring Street. They are different products for different people.
| Bondi Central 109 Oxford Street | Eastgate Gardens Spring Street | |
|---|---|---|
| Median unit price | $1.1m one and two-bedroom mix | $1.4m+ larger footprints |
| Average yield | 4.5% to 5.0% | 3.5% to 4.0% |
| Best for | Young professionals and investors | Families and downsizers |
| Major perk | Modern finishes and a rooftop BBQ | Resort pool and tennis courts |
Bondi Central's design-led apartments suit tenants who want to be near the nightlife and the city. That is why it yields more than Eastgate Gardens. The older tower has given its long-term owners more growth. Each does one job better than the other.
If you are buying, the price is known and the rent is strong. Buy the size and the floor, and buy at this year's evidence.
If you own and bought off the plan, the market will not pay your contract price because you paid it. Three sales at the same figure are hard to argue with.
If you own high in the building, or own a two-bedroom, you hold the stock that earns the premium.
I read the sales in your own building first. I will tell you plainly where your apartment sits — by size, level, aspect and parking.
Request a free appraisal Begin a conversationPrincipal, Weiss Real Estate. 35 years in the Eastern Suburbs.
Sources. Sales cover late 2024 to early 2026 for 109 Oxford Street, Bondi Junction. The sales of apartments 506 and 1102, and their earlier prices and years, are from CoreLogic RP Data. The suburb median is for Bondi Junction one-bedroom unit sales above $500,000 from 1 January to 1 October 2026. Changes are gross, compare the 2026 price with the previous priced sale, and exclude stamp duty, selling costs and renovations. Medians, ranges, internal sizes, rents, days on market and yields are approximate and vary with level, aspect, parking and presentation. Rents are as at March 2026. Yields are gross and indicative. Comparative figures for Eastgate Gardens are indicative only.
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.
