Bronte may have dominated the property headlines for the last few years, but Clovelly, Coogee, Bondi and Tamarama are also outpacing the market.
We take a look at how the eastern beaches are leading the country when it comes to both price growth and buyer demand.
Sydney’s East leads price rises across the country
PropTrack data shows 77 suburbs across Australia saw their median home price jump by over $200,000 in 2024. Fifty-two of those suburbs were in Perth—no surprise, given the west’s long run of growth—but Sydney’s eastern suburbs made a strong showing too.
In fact, Bellevue Hill experienced the biggest gain of anywhere in Australia, with its 13% year-on-year median increase equating to a dollar gain of $1,109,000. But the eastern beaches were also well-represented.
Bondi came in at number 50 on the list. Its 6% rise equated to a $224,000 increase on the median house price.
Bondi was closely followed by neighbouring Bondi Beach with a 5% rise and gains of $213,000. Meanwhile, Dover Heights also made the list at number 70 with a 3% increase giving owners $205,000.
What about long term capital growth?
As we reported previously, long-term growth in Sydney’s east has been just as fierce—86 suburbs across the city made realestate.com.au’s list of the 101 Aussie postcodes where homeowners have made a million dollars in the last five years.
Unsurprisingly, Bellevue Hill, Vaucluse, North Bondi and Bronte topped the list. But they weren’t alone—Dover Heights, Rose Bay, Bondi Beach, Clovelly, Queens Park, South Coogee, Woollahra, Kensington, Bondi, Coogee, Maroubra and Paddington all delivered million-dollar-plus gains over five years.
These significant equity gains over the past five years—especially for those in family homes—are encouraging many owners to cash in. Whether upsizing or downsizing, current market conditions present good opportunities for buyers looking to take the next step in Sydney’s eastern suburbs.
But are prices really still rising in 2025?
Short answer? Yes.
We recently auctioned 24 Douglas Street, Clovelly, a three bedroom freestanding house, for $5.3 million (a cool $800,000 above the median Clovelly house price). We also saw strong buyer demand when we sold 21 Chambers Avenue, Bondi Beach, a month ago.
In the past year, house prices in Bondi Beach climbed 7.6% to a new median of $4.38 million. Clovelly saw a 2.2% rise to $4.605 million, while Bronte stood out with 10.6% growth, reaching $5.86 million. Coogee wasn’t far behind—up 11.7% to hit $4 million.
For apartments, Tamarama stole the show with a staggering 21.6% jump, taking the median to $2.31 million.
And the run might not be over. Economists now forecast up to five rate cuts over the next 12 months. If that happens, and economic conditions stay relatively strong, we may actually see prices rise reasonably quickly this year.
Sydney’s eastern beaches are among Australia’s most in demand suburbs
Fresh data from realestate.com.au shows that in 2024, beachside postcodes dominated buyer interest—one of the key forces driving prices skyward.
For houses, Coogee ranked fourth nationally, attracting 142 buyer enquiries per listing, with Rose Bay just ahead in third.
In the apartment market, Clovelly claimed seventh place on the national list with 103 enquiries per listing, while Double Bay followed at number eight. Tamarama also made waves, taking sixth spot in NSW with 96 enquiries per listing.
In short, the eastern beaches don’t look like slowing down anytime soon—they’re likely to keep setting the pace for the rest of the market.
Want more?
If you’d like to know more about buying or selling in Sydney’s eastern suburbs, get in touch.
