While newer developments continue to reshape the Bondi Junction skyline, Mirvac’s Seapoint (79-81 Grafton Street), also known as Grafton Place, remains the benchmark for architectural integrity and enduring value. Strategically positioned atop the Eastgate shopping precinct, Seapoint offers a level of convenience and construction quality that few modern builds can match.
Recent data from late 2025 and early 2026 shows that Seapoint continues to hold its own against the newer “boutique” developments on Spring and Waverley Streets. The building is particularly favored for its larger-than-average floor plans and superior acoustic privacy—hallmarks of the Mirvac brand.
Sales Highlights (2025-2026):
2-Bedroom Units: Recently transacting with a median price of $1,720,000, and reaching up to $1,800,000 for higher-floor units.
3-Bedroom Residences: These premium sky-homes are fetching between $2,560,000 and $2,600,000, significantly outperforming the 3-bedroom medians seen in the newer Waverley Street developments ($1,728,000).
Rental Market Resilience: The rental demand for Seapoint remains incredibly stable.
2-Bedroom Rentals: Commands a median of $1,200 per week, with premium listings reaching $1,300 per week. The low days-on-market (DOM) for this building suggests that when a Seapoint apartment becomes available, it is often snapped up by long-term tenants who value the building’s direct access to Eastgate and the transport interchange.
How does this Mirvac classic stack up against the newcomers?
Space and Proportion: While newer apartments in the area often prioritize “sleek” over “spacious,” Seapoint offers generous living areas and balconies that actually accommodate outdoor dining.
Infrastructure: Being built directly above Eastgate gives Seapoint an edge in convenience that even the newest builds on Waverley Street cannot replicate.
Capital Preservation: As property expert Alan Weiss points out, “Brand name developers like Mirvac carry a ‘quality premium’ that persists long after the ‘new building smell’ has faded from more recent projects.” Weiss notes that in a fluctuating market, Seapoint acts as a “defensive asset,” maintaining price stability due to its proven track record.
For the 2026 buyer, the choice between Seapoint and a newly built apartment often comes down to a choice between style and substance. While the newer builds offer the latest in smart-home technology and trend-driven finishes, Seapoint offers a level of build-certainty and space that is increasingly rare.
As Alan Weiss suggests, “Investors looking for predictable yields and low maintenance should look at the ‘established prestige’ sector. Seapoint isn’t just an apartment; it’s a piece of Bondi Junction’s institutional real estate history.”
Direct Access: Private elevator access to Eastgate Shopping Centre (Coles, Aldi, Kmart).
Facilities: A sun-drenched outdoor pool, spa, and meticulously maintained common areas.
Transit: Less than 150 meters to the Bondi Junction train station, offering a true “car-free” lifestyle.
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