Bronte, a Sydney seaside suburb, offers laid-back living and luxury properties


A cool sea breeze often whistles around Bronte, one of Sydney’s hippest and most laid-back seaside suburbs that boasts a beautiful beach, historic seaside resorts and charming coastal culture.

Known for its healthy lifestyle with a touch of glamour, activewear is the norm here as many stroll the beach, stretch in a Pilates class or do a bottom dog in yoga on the beach. And then there are those who hunt the surf, all year round.

Sprawling luxury properties with sweeping views of the beach and Pacific Ocean include California-style bungalows, Italian villas, and Art Deco apartments.

Bronte Park has many attractions with barbecue grills, a miniature railway and a playground. Bronte Beach is home to the historic Bronte Surf Life Saving Club founded in 1903 which hosts educational and fun events.

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There are two scenic rock pools, including a natural one called Bogey Hole that creates a sheltered lagoon and is popular with families, while an ocean-fed man-made pool dating to the 1880s sits below the southern promontory.

Bronte is part of the popular Bondi to Coogee Coastal Hike which is 3.7 miles and between two and three hours to traverse with stops along the way.

Sydney International Airport and Sydney Domestic Airport are both approximately 18 km from Bronte, or 40 minutes by car.

Aerial view of the Bronte Baths in Bronte, Australia.

Felix Cesare/EyeEm/Getty Images

Boundaries

Bronte is a pretty seaside suburb of Sydney, the capital of the Australian state of New South Wales.

Located in the local government area of ​​Waverley Council in the eastern suburbs, it is 7 km from Sydney’s central business district.

Bronte is bordered to the north by the suburbs of Bondi and Tamarama, to the east by the Pacific Ocean, to the south by the suburb of Clovelly and to the west by the suburb of Waverley.


Price scale

A surge in adoption of a healthy lifestyle and strong community has seen real estate prices rise during the pandemic as quality properties take hold as soon as they come on the market.

According to Eliza Owen, Head of Research at CoreLogic, Bronte has a median house price of AU$5.6 million (US$4 million) and AU$1.5 million (US$1.1 million). US dollars) for an apartment.

Property price growth in the suburbs was 18.9% over the year, comprising growth of 20.3% in house values ​​and 14.6% in the apartment segment.

“Median house prices in Bronte are high compared to the neighboring suburbs of Coogee (A$4m), Clovelly (A$4.6m) and Bondi (A$4.4m), but lower than those in the suburb of Tamarama (A$6.2 million),” Ms Owen said.

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Of 596 property markets analyzed in Sydney in March, median Bronte home values ​​were the seventh most expensive, while Bronte apartments ranked 17th out of 321 markets analyzed.

“Bronte’s housing market has been on the rise since mid-2019, following a fairly general downturn environment over the previous two years,” Ms Owen said. “During the current recovery, annual home value growth rates in Bronte reached a cyclical peak in the 12 months ending September 2021, where values ​​increased by 35.5%. Now, however, growth rates are slowing and quarterly changes in value show a -0.2% decline in home values ​​in the three months to March. »

The luxury segment – or the top 25% of the market – in Bronte starts at around A$7 million (US$5.1 million) for houses and A$1.8 million for apartments, it said. -she adds.

This five-bedroom beach house, Bronte, is currently up for sale.

Mitch Cameron Photography for PPPD Real Estate

Housing stock

“There is a lot of charm in Bronte’s housing stock, as well as potential added value,” Ms Owen said. “While this suburb has obvious exclusivity and seaside appeal, the pandemic may also have exacerbated demand for such an incredible lifestyle market, which contains parks, coastal walks and a beautiful beach for many activities. outdoors that residents could enjoy during lockdown.

Bronte now has more homes and units for sale compared to the last six months of 2021, when homes barely spent days on the open market before being purchased.

Alexander Phillips of PPD Real Estate said buyers had no choice at the time, but the market has stabilized and there are now more homes for sale.

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CoreLogic registered 39 properties on the market during the month of March, of which 20 were added during the month.

Ms Owen said this represents around 1.3% of the stock and is higher than what they saw at the same time last year, with just 27 listings available.

“Holding periods in the area appear to be relatively high, at around 12 years for homes, based on the median of what has sold over the past 12 months,” Ms. Owen said.

This contemporary four bedroom beach house in Bronte was recently sold.

Mitch Cameron Photography for PPPD Real Estate

What makes it unique

It’s the lifestyle and strong community that make Bronte so appealing to young professionals and families, according to Phillips.

‘It differs from the nearby seaside suburbs as there are no pubs and no backpacker accommodation so it’s very family friendly,’ he said. “There are great schools and community activities are centered around the Bronte Surf Lifesaving Club with many great events.”

In 2021, Bronte’s population was just over 7,100.

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Mr Phillips said it was one of the easiest eastern suburbs to get to in town for work and the sea views were often a selling point.

“There are houses with multi-level views that are very appealing,” he said.

Ms Owen added that Bronte Beach and the surrounding park are the obvious attractions, along with the stunning coastal walks.

This luxury five bedroom resort style home in Bronte has recently changed hands.

Mitch Cameron Photography for PPPD Real Estate

Luxury amenities

You can stock up at the QE Grocery Store, which offers a wide range of organic products. Frank’s Deli brings a quintessential New York deli experience and a dash of European flavor, with delicious sandwiches and produce. Iggy’s Bakery is known for its fabulous sourdough dough and has a huge following.

Great cafes include Frank’s Deli, Bellagio, and Cali Press, which also offer delicious juices.

For a sweet treat head to Huxton’s in Bronte – their lamington panna cotta is a delight and the Pilgrims Vegetarian Cafe offers healthy options including veggie burgers and pancakes. Salina Cafe, adjacent to Bronte Beach, has stunning ocean views, as does Bogey Hole Cafe.

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Get some fish and chips at Bronte Fish and Chips for a picnic on the beach.

For beautiful homewares, Water Tiger in Waverley has a great selection of furniture and Volange Paris has French-inspired clothing.

There are excellent schools in the area, including Bronte Primary School, Waverley College, a Catholic boys’ school for grades 5-12, and St Catherine’s, a junior and senior Anglican private school and girls’ boarding school.


Who lives here?

Bronte is home to many young professionals and families enjoying an active beach life using all that the great outdoors has to offer.

Notable residents

F45 gymnasium founder Rob Deutsch sold his Bronte beachfront home at 12 Bronte Marine Drive at auction for a whopping A$17.7 million in April. year. Australian Test Cricket captain Pat Cummins recently bought a lavish A$9.1million home in Bronte.


Outlook

The market may continue to appreciate in the long term, but prices in the short term may have peaked, according to Ms. Owen.

“If more listings are added to the market, we may consider moving into the downturn phase of the cycle,” she said.

“Now, however, growth rates are slowing and quarterly changes in value show a 0.2% decline in home values ​​in the three months to March.”

Ms Owen said it was not uncommon for Sydney’s upscale and affluent markets to drive down values ​​more broadly.

“It’s a lifestyle market, so I think it had a lot going for it during the pandemic,” she said. The exclusivity of the area would also have been exacerbated by the closures. Now that social distancing and travel restrictions have eased, it is likely that there will be many more people passing through the area, which could erode some of the appeal of this market.

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