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Bondi Junction market heating up
Sydney’s Bondi Junction property market is on the rise, with local and overseas buyers driving up demand for luxury apartments.
Luxury apartments in Bondi Junction have been selling fast and generating a huge level of enquiry, according to CBRE.
Barry Goldman, co-principal of Raine&Horne Double Bay said the “red-hot apartment action” was being driven by ‘The Junction’s’ retail appeal and proximity to beaches.
“Bondi Junction is the CBD of the eastern suburbs and is rapidly changing and, as a consequence, the new and off-the-plan apartment market is booming with almost four times as many bidders at auctions for apartments compared to this time last year,” he said.
Raine&Horne Double Bay’s Martin Maskin said this area of Sydney was increasingly popular with Asian buyers.
“Many cashed-up Asia-based buyers identify Bondi Junction as an inner-city suburb where they can find excellent shopping, transport and schools, and as a result have become big players in the suburb’s luxury apartment market,” he said.
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