2804/83-85 Spring Street, Bondi Junction NSW 2022

Luxury penthouse | 393sqm internal | 155sqm terrace | 270° harbour views | resort amenities This property is a rare, house-like residence in the sky, offering a scale and finish atypical for the suburb. Its three bedrooms, four bathrooms, and triple parking on the top floor of a full-amenity complex create a defensible position for a buyer seeking a permanent, high-convenience home with unparalleled entertaining space. It serves a specific premium demographic for whom the operational cost of the strata is a secondary consideration to the lifestyle and spatial dividend. The primary financial mechanism is the substantial strata levy, which funds extensive amenities but imposes a permanent carrying cost that suppresses rental yield. The 2018 sale price provides a useful anchor, but the current premium ask requires validation against very few true comparables. This is a lifestyle acquisition, not a yield play; hold as a principal residence to fully capitalise on its utility, as an investment the numbers are challenging. Recent sales data for three-bedroom apartments in Bondi Junction is limited, but context is instructive: * 66 such apartments have sold recently nearby, confirming strong baseline demand for the configuration. * A nearby house at 15 Brisbane Street sold for $2,600,000, starkly illustrating the premium commanded by this penthouse’s position and views. The data suggests this property operates in a distinct, ultra-premium segment where value is dictated by scarcity and spectacle rather than square-metre rates alone.