Bondi Beach is a suburb located in the eastern suburbs of Sydney, New South Wales, Australia. It is known for its iconic beach, which is a popular destination for swimming, surfing, and sunbathing.

One of the main landmarks in Bondi Beach is the Bondi Icebergs, a historic ocean pool that sits at the southern end of the beach. The pool is open to the public and offers panoramic views of the ocean.

If you're looking for things to do in Bondi Beach, you can take a walk along the Bondi to Coogee Coastal Walk, a 6 kilometer trail that offers breathtaking views of the coastline. You can also visit the Bondi Beach Market, which is held on the first Sunday of every month and features local crafts, food, and live entertainment.

When it comes to dining, Bondi Beach has a wide range of restaurants to choose from. Some popular options include Icebergs Dining Room and Bar, which offers modern Australian cuisine with a Mediterranean twist, and Bondi Trattoria, which serves Italian-inspired dishes using fresh, local ingredients.

Overall, Bondi Beach is a vibrant and lively suburb that offers something for everyone. Whether you're looking to hit the beach, go for a hike, or enjoy a meal at a local restaurant, there's always something to do in Bondi Beach.

Market Overview

Bondi has maintained a robust real estate market characterised by a high median property price, which stands at $3,750,000 for houses as per the latest data. This suburb has experienced a mix of fluctuations in property values with houses seeing a recent downturn of -3.23% in capital growth, while units have climbed by 5.15% in the same period. These dynamics reflect a nuanced market where timing and property type are crucial for investment decisions.

Investment Potential

Investors considering Bondi will find a varied market with distinct opportunities between houses and units. Units in Bondi Beach have been particularly promising with an average median rent of $900 weekly and a rental yield of 3.33%, offering a relatively high return on investment compared to other Sydney suburbs. Moreover, houses, despite a recent drop in value, remain a solid long-term investment given the overall trajectory of the Sydney property market.

Market Health Indicators

The suburb's health in the real estate market can be observed through various indicators such as the average days on market, which stands at 30 days for houses and 28 for units. This suggests a steady demand and a fluid market that is responsive to both buying and selling pressures. The investment strategies in Bondi are supported by its low-risk scores, indicating stable long-term growth and less susceptibility to abrupt market changes.

Conclusion

For prospective buyers and investors, Bondi represents a dual opportunity of lifestyle enrichment and financial investment. The area’s amenities, coupled with its demographic trends, support a healthy and active real estate market. Whether looking to invest in a family home or a high-yield rental property, Bondi offers diverse options to suit various investment portfolios and lifestyles.

With these insights, a buyer's agent can effectively guide their clients in making informed decisions tailored to their specific needs and aspirations in the Bondi property market.