902/81 Grafton Street, Bondi Junction NSW 2022

Oversized 115sqm harbour views | 9th floor north aspect | Two car spaces | Flood overlay present This unit presents a compelling proposition based on its significant scale and views, which are rare in the two-bedroom apartment market. The 115 square metre internal area is substantially larger than typical units, offering a spatial premium that translates to long-term livability and a distinct competitive edge. Its high-floor, north-facing position capturing harbour, bridge, and city vistas solidifies its position as a premium offering within the building. This configuration best serves an owner-occupier seeking a spacious, light-filled residence with genuine outlook, or an investor targeting the premium segment of the rental market where size and views command sustained demand. The primary decision mechanism is the flood overlay, which introduces potential insurance complexities and cost, and necessitates detailed due diligence on implications for strata costs and future saleability. The valuation near $2.27 million sits significantly above the suburb’s median unit price, demanding scrutiny. The opportunity lies in acquiring a genuinely oversized property in a strong location, where the scarcity of such large two-bedroom layouts provides a buffer against market volatility. Proceed only with a successful auction outcome materially below the estimated valuation, and factor the overlay into your financial model; otherwise, the commercial logic weakens against the inherent risk. A comparable unit in the same building, 903/81 Grafton Street, sold for $1,650,000 in November 2016. The current median unit price for Bondi Junction is $1,393,500. This historical data underscores the premium positioning of the subject property and highlights the substantial market movement over the past decade, framing the current price expectation within a longer-term growth context.