Bronte

POSTAL CODE: NSW, 2024

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 4.13% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $5,675,000

The augmented property values in the suburb are trailing behind the territorial average of 5.63% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $2150.

Home owners selling their properties and realtors in BRONTE usually have to wait an average of 84.2 days days before their assets are lifted off the market.

The NSW suburb ranks 1072nd on the list of best yielding suburbs for rental properties in NSW, posting a 1.97% return.

It also places places 1127th in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 20.89% over the last 12 months in BRONTE, translating to lower returns compared with its peers in NSW.

A survey of average capital gains or median home price increase in suburbs across the country shows that BRONTE, 2024 obtained a 7.16% growth over a ten-year period. It ranks 464th on our list of suburbs that property investors should look into.

BRONTE, 2024 has a capital gain of 20.89% for the past year, which is higher than average compared to its 42.34% growth within a five-year period.

With the median home price in BRONTE sitting at $1,765,000, and the average rent at $950, property owners could potentially earn a 2.8% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in BRONTE are low, as opposed to average gains per annum over the past five years.

BRONTE, 2024 in NSW belongs to the local government area of Waverley.

Surburb overview

Bronte is a picturesque coastal suburb located approximately 8 kilometres south-east of the Sydney Central Business District. It is part of the Waverley Council Local Government Area and is renowned for its beautiful beach, scenic coastal walks, and family-friendly environment. The suburb’s relaxed atmosphere and proximity to nature and the city make it an attractive residential choice.

According to the latest Census data, Bronte has a population of around 6,827. The suburb is popular among families and professionals, with the median age of residents being 37. The area is characterised by a mix of classic Federation-style houses and modern architectural homes, contributing to its unique charm. Most of the population is comprised of Australian-born residents, with additional communities from the United Kingdom, New Zealand, and the United States.

Public transport in Bronte is primarily serviced by bus routes that connect the suburb to Bondi Junction and the Sydney CBD. Bondi Junction railway station, located nearby, provides access to the T4 Eastern Suburbs & Illawarra Line, making it convenient for residents to commute to the city. The suburb’s layout, with its quiet, tree-lined streets, also encourages walking and cycling as popular modes of getting around.

The main attraction of Bronte is its stunning beach, which is a favourite spot for swimming, surfing, and family picnics. The beach features a natural rock pool, parklands with barbecue facilities, and a children’s playground. The Bronte to Bondi coastal walk offers breathtaking coastline views and draws both locals and tourists. The surrounding Bronte Park is a large, grassy area ideal for recreational activities and community events.

Nearby essential establishments include local cafes, boutique shops, and small supermarkets along Bronte Road and Macpherson Street. The suburb is also close to Bronte Public School and St. Catherine’s School, adding to its appeal for families.

With its natural beauty, community spirit, and convenient access to Sydney’s amenities, Bronte is a sought-after suburb with an exceptional coastal lifestyle.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$5,675,000	$1,765,000
Growth Report
Median Quarterly	-1.73%	1.73%
Median 12 month	-0.31%	20.89%
Median 3 years	4.13%	9.29%
Median 5 years	46.45%	42.34%
10 years average annual	7.99%	7.16%
Weekly media advert. rent	$2,150	$950
Time on Market	84.2 days	56.9 days
Gross Rental Yield Percent	1.97%	2.8%

Demographics (Median Values)*

Total Population 11073

Weekly Household Income 2450

Household Size 2.50

Average Age 38

Monthly Loan Repayment 3200

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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