Street profile · Bondi Junction

Waverley Street. Three two-bedroom sales, $600,000 apart.

The Oscar at one end, Arcadia at the other, Westfield at the door. This year's sales show a street where the building and the position set the price, not the bedroom count.

Waverley Street, Bondi Junction NSW 2022. Includes The Oscar (18–34 Waverley Street) and Arcadia (42–48 Waverley Street).

$1.65mTwo-bedroom median
$2.0mTop recorded sale, 2026
10minBy train to the CBD
4.0%Average gross yield, approx.

Waverley Street runs through the middle of Bondi Junction. It has become one of the most sought-after residential streets in the suburb for professionals, downsizers and investors. The city is one way. Bondi Beach is the other.

The street

This is apartment living at density, and at quality. The larger complexes set the tone — The Oscar at 18–34 Waverley Street and Arcadia at 42–48. Through the 2025–2026 cycle the street has been one of the steadier performers in the precinct.

The market

Two-bedroom apartments are where most buyers meet.

One bedroomAbout $1.25mRecent sales.
Two bedroom$1.651m medianPremium north-facing apartments in The Oscar have reached $2,400,000.
Three bedroomAbout $1.728mLarger homes, often with a courtyard or district views.

Two results stand out in the recent record. A premium apartment at 182/18–34 Waverley Street sold for $2,400,000. A three-bedroom at 5/17–19 Waverley Street sold for $1,975,000. Buyers are still paying for good finishes and generous floor plans.

Notice one thing in those figures. The three-bedroom figure sits almost on top of the two-bedroom median. On this street a well-placed two-bedroom is worth more than an ordinary three.

This year's sales

Three apartment sales on Waverley Street carry 2026 dates. All three are two-bedroom, two-bathroom.

18 March 2026 · The Oscar$2,000,000115/18–34 Waverley Street
2 bed · 2 bath · 1 car
17 July 2026 · The Oscar$1,700,000161/18–34 Waverley Street
2 bed · 2 bath · 1 car
11 September 2026$1,400,00018/39–43 Waverley Street
2 bed · 2 bath · no car space$515,000 in 1997. Up 172 per cent.

Two-bedroom sales on Waverley Street

2026 sales, and the street median$1.4m to $2.0m
$1.2m$1.85m$2.5m
Sold in 2026Earlier premium sale, $2.4mMedian, $1.651m
The three 2026 sales sit either side of the two-bedroom median.

What the sales say

The median holds. The two-bedroom median on the street is $1,651,000. This year's three sales were $1,400,000, $1,700,000 and $2,000,000. The middle one is within $50,000 of it.

Position inside the building is worth $300,000. Two apartments in The Oscar sold four months apart. Same bedrooms, same bathrooms, same parking. One made $2,000,000 and the other $1,700,000. Level, aspect and outlook did that.

Parking and the building do the rest. The $1,400,000 sale was in an older block, with no car space. It is still a strong result for its owner, who paid $515,000 in 1997.

Same street, same bedroom count, $600,000 apart. A street median is where the conversation starts, not where it ends.

The rent

For investors the case is demand. More than 54 per cent of the suburb's residents rent. Turnover is quick and vacancy is low. Good apartments lease within days of listing. Gross yields on the street average around 4 per cent.

One bedroom$900 a weekMedian. Range $650 to $1,000.
Two bedroom$1,200 a weekMedian. Up to $1,500 for a modern renovation with parking.
Three bedroom$1,512 a weekMedian. Larger rental stock is scarce.

At the door

  • Shopping. Westfield Bondi Junction is steps away, with David Jones and Myer. Eastgate Shopping Centre covers the everyday.
  • Transport. The interchange puts the CBD ten minutes away by train, with buses to the coast and the southern suburbs.
  • Green space. Waverley Park is a short walk — cricket nets, tennis courts and walking tracks.
  • Schools. Reddam House, Waverley College and Holy Cross Catholic Primary are all close, which keeps families here for the long term.

What I take from it

Waverley Street has what lasts: transport, shopping, a park and schools, all on foot. That is why demand here has been steady through the cycle.

But the street is not one market. A buyer or seller who works from the median alone will be out by hundreds of thousands of dollars. Price the building first, then the position within it, then the parking.

For an investor, the rent is reliable. For an owner-occupier, the better apartments in the better buildings are the ones that have held their ground.

Own on Waverley Street, or looking to?

I read the sales in your own building first, then the street. I will tell you plainly where your apartment sits.

Request a free appraisal Or call Alan on 0412 176 074
Alan Weiss

Principal, Weiss Real Estate. 35 years in the Eastern Suburbs.

0412 176 074  |  alan@weissrealestate.com.au

Sources. The three 2026 apartment sales are from a property export dated 5 October 2026 for Waverley Street, Bondi Junction. Two commercial sales at 3–11 Waverley Street in the same export are left out. The 1997 price for 18/39–43 Waverley Street is from CoreLogic RP Data. Medians, typical prices, earlier sales, rents and yields are approximate figures for the 2025–2026 period and vary with building, level, aspect, parking and presentation. The change shown is gross and excludes stamp duty, selling costs and renovations.

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.