Building profile · Bondi Junction
Twenty levels in the middle of Bondi Junction. About 100 apartments. Four sales this year — and they tell two different stories.
The Capitol — 253–255 Oxford Street, Bondi Junction NSW 2022. Legacy Property · Dickson Rothschild Architects · completed 2016–2017.
The Capitol stands at 253–255 Oxford Street, in the middle of Bondi Junction. It is one of the suburb's most recognisable residential buildings. Legacy Property developed it. It was completed in 2016–2017 and rises 20 levels above a retail podium.
Dickson Rothschild Architects designed it, with interiors by BKH. There are about 100 one, two and three-bedroom apartments. A pedestrian link runs through the site and ties the retail level into Oxford Street.
The design has lasted. A sandstone base anchors the building in its Eastern Suburbs setting. Above it, the upper levels turn to curved glass — for light, outlook and privacy.
The apartments were built for owners, not for turnover.
Four sales at The Capitol carry 2026 dates. Three one-bedroom apartments and one two-bedroom.
The two-bedroom led. Apartment 1101 sold for $1,770,000. Two-bedroom sales in the building have typically run from about $1,460,000 to $1,720,000, averaging around $1.59 million depending on aspect, level and parking. This one went past the top of that range.
The one-bedrooms came in lower. One-bedroom apartments here have been quoted around the $900,000 level. This year's three sales were $750,000, $760,000 and $805,000. That is the evidence a seller will be measured against now.
Parking shows up in the price. Apartments 703 and 803 sit on the same line, one floor apart. 803 has a car space and sold for $805,000. 703 has none and sold for $750,000 three months later. A gap of $55,000, and the car space is the difference the record shows.
Three-bedroom apartments rarely trade. They are tightly held, and recent sales have reached about $2.7 million. None appears in this year's records.
Where each apartment type trades
The two-bedroom is where the growth has been. The one-bedroom is where the income is.
Three of the four sellers bought in 2013 — off the plan, before the building was finished. The two-bedroom is up 61 per cent on that price. The two one-bedrooms are up 29 and 33 per cent.
Over thirteen years, that is a little under 4 per cent a year for the two-bedroom and about 2 per cent a year for the one-bedrooms. Gross, before costs.
The fourth seller bought in 2022 for $742,000 and sold for $750,000. After stamp duty on the way in and selling costs on the way out, that is a loss.
That is not a mark against the building. It is how one-bedroom apartments in the newer towers have traded across Bondi Junction. The scarce product — larger floorplates, parking, a good aspect — has carried the growth.
Rent is where the one-bedroom earns its place. Demand is steady and vacancy is low, because of where the building stands.
Weekly rent at The Capitol
Put the rent against this year's prices. At $880 a week, a one-bedroom bought at this year's prices returns close to 6 per cent gross. At $1,350 a week, the two-bedroom at $1,770,000 returns about 4 per cent. Both figures are before strata levies, rates and vacancy.
Well-presented apartments with parking and a good aspect lease quickly. The tenants are CBD professionals, corporate tenants and long-term renters who want convenience and access.
It is two markets in one building. Owner-occupiers compete for the larger apartments, and there are few of them. The one-bedrooms are an investor's product, and they are priced on income.
If you own a two-bedroom or a three-bedroom, the evidence is on your side.
If you own a one-bedroom, the old figure will not sell it. Parking and presentation decide where you land in this year's range.
Price to this year's sales, not to the old figure.
I read the sales in your own building first. I will tell you plainly where your apartment sits — by type, level, parking and aspect.
Request a free appraisal Begin a conversationPrincipal, Weiss Real Estate. 35 years in the Eastern Suburbs.
Sources. The four 2026 sales are from a property export dated 5 October 2026 for 253 Oxford Street, Bondi Junction. Earlier prices and years are from CoreLogic RP Data. Changes are gross, compare the 2026 price with the previous priced sale, and exclude stamp duty, selling costs and renovations. Annual figures are approximate, as only the year of the earlier sale is known. Typical price ranges and rents are approximate and vary with aspect, level, parking and presentation. Yields are gross: weekly rent multiplied by 52, divided by price, before levies, rates, vacancy and management. 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.
