Neighbourhood Notes: Bronte, Sydney
The seaside suburb offers laid-back living and luxury properties.
The seaside suburb offers laid-back living and luxury properties.
A fresh sea breeze often whistles around Bronte the laid-back seaside suburbs that boasts a beautiful beach, historic sea baths and a charming coastal culture.
Known for its healthy lifestyle vibe with a dusting of glamour, activewear is the norm here as many stride out on beachside walks, stretch in a Pilates class or do a downward dog at beachside yoga. Then there are those who chase the surf, all year long.
Sprawling luxury properties with uninterrupted grandstand views of the beach and Pacific Ocean include California-style bungalows, Italianate villas and Art Deco apartments.
Bronte Park has many attractions with barbecues, a miniature train track and a playground. Bronte Beach is home to the historic Bronte Surf Life Saving Club founded in 1903 that runs educational and fun events.
There are two picturesque rock pools including a natural one called Bogey Hole that creates a sheltered lagoon and is popular with families while a man-made ocean-fed lap pool that dates to the 1880s, sits beneath the southern headland.
Bronte is on the popular Bondi to Coogee coastal trek that spans 6kms and between two and three hours to traverse with stops along the way.
The Sydney International Airport and Sydney Domestic airport are both about 17km from Bronte, or a 40-minute drive.
Bronte is an attractive beachside suburb of Sydney, the capital of the Australian state of New South Wales.
Located in the Waverley Council local government area of the eastern suburbs, it is 7km from Sydney’s central business district.
Bronte is bordered on the north by the suburbs of Bondi and Tamarama, on the east by the Pacific Ocean, south by the suburb of Clovelly and on the west by the suburb of Waverley.
A surge to embrace a healthy lifestyle and a strong community saw real estate prices hike during the pandemic with quality properties snapped up as soon as they went on the market.
According to Eliza Owen, head of research at CoreLogic, Bronte has a median house price of $5.6 million and $1.5 million for an apartment.
Property price growth across the suburb was 18.9% over the year, comprised of a 20.3% growth in house values and 14.6% across the apartment segment.
“Median house prices in Bronte are high relative to neighbouring suburbs of Coogee ($4 million), Clovelly ($4.6 million), and Bondi ($4.4 million), but lower than the suburb of Tamarama ($6.2 million),” Ms. Owen said.
Of 596 house markets analyzed across Sydney in March, median Bronte house values were the seventh most expensive, while Bronte apartments ranked 17th of 321 markets analysed.
“The Bronte dwelling market has been in an upswing since mid-2019, following a fairly broad downturn environment over the two years prior,” Ms. Owen said. “Through the current upswing, Bronte dwelling value annual growth rates had a cyclical peak in the 12 months to September 2021—where values rose 35.5%. Now however, growth rates are easing, and quarterly changes in value reveal a -0.2% decline in dwelling values over the three months to March.”
The luxury segment—or the top 25% of the market—in Bronte starts at around $7 million for houses and $1.8 million for apartments, she added.
Bronte now has more houses and units for sale compared to the last six months of 2021, when houses barely spent days on the open market before being purchased.
Alexander Phillips from PPD Real Estate said buyers had little choice back then, but the market has stabilized and there are now more housing properties for sale.
CoreLogic recorded 39 properties on the market over the month of March, 20 of which were added over the month.
Ms. Owen said that represents around 1.3% of stock and is higher than what they saw this time last year, with just 27 listings available.
“Hold periods in the area do seem to be relatively high, at around 12 years for houses—based on the median on what sold in the past 12 months,” Ms. Owen said.
What Makes It Unique
It’s the lifestyle and strong community that makes Bronte so attractive to young professionals and families, according to Mr. Phillips.
“It differs from neighbouring beachside suburbs as there are no pubs and no backpacker accommodation, so it is very family orientated,” he said. “There are great schools, and community activities are centred around the Bronte Surf Lifesaving Club with lots of great events.”
As of 2021, Bronte’s population was just over 7,100.
Mr. Phillips said it is one of the easiest Eastern suburbs to get to the city for work and the seaside views were often a sale clincher.
“There are houses with views over split levels which are very appealing,” he said.
Ms. Owen added that Bronte Beach and the surrounding park are the obvious attractions, as well as the stunning coastal walks.
You can pick up supplies from QE Grocery Store, which features a great range of organic produce. Frank’s Deli brings a quintessential New York deli experience and a dash of European flavour, with delicious sandwiches and produce. Iggy’s Bakery is known for its fabulous sourdough and has a big following.
Some great coffee spots include Frank’s Deli, Bellagio and Cali Press, which also has tasty juices.
For a sweet treat head to Huxton’s at Bronte—their panna cotta lamington is a treat and Pilgrims Vegetarian Cafe has healthy food including veggie burgers and pancakes. Cafe Salina, adjacent to Bronte Beach has great ocean views as does Bogey Hole Cafe.
Pick up fish and chips at Bronte Fish and Chips for a picnic on the beach.
For beautiful homewares, Water Tiger in nearby Waverley, offers a great selection including furniture and Volange Paris features French inspired clothing.
There are excellent schools in the area including the Bronte Primary School, Waverley College, a Catholic school for boys from Years 5 to 12 and St Catherine’s, a private Anglican junior and senior day and boarding school for girls.
Who Lives There?
Bronte is home to many young professionals and families who enjoy an active seaside life utilizing all that the great outdoors has to offer..
F45 gym founder Rob Deutsch sold his Bronte beachfront home at 12 Bronte Marine Drive at auction for a whopping $17.7 million in April.. Australian actor Simon Baker of “The Mentalist” and “The Guardian” fame sold his house for $17 million last year. Australian Test Cricket captain Pat Cummins recently purchased a lavish $9.1 million house in Bronte.
The market could continue to appreciate long term however the short-term prices may have peaked, according to Ms. Owen.
“If more listings are added to the market, we could be looking to move into the downswing phase of the cycle,” she said.
“Now, however, growth rates are easing and quarterly changes in value reveal a 0.2% decline in dwelling values over the three months to March.”
Ms. Owen said it was not uncommon for high-end, affluent markets of Sydney to lead a decline in 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 have also been exacerbated by lockdowns. Now that social distancing and travel restrictions have eased, it’s likely there will be a lot more people flowing through the area, which may erode some of the appeal of this market.”
Reprinted by permission of Mansion Global. Copyright 2021 Dow Jones & Company. Inc. All Rights Reserved Worldwide. Original date of publication: May 7, 2022.
Following the devastation of recent flooding, experts are urging government intervention to drive the cessation of building in areas at risk.
The 390-acre property has 2 miles of frontage on the Rogue River
Former “Dallas” star Patrick Duffy is putting his roughly 390-acre Oregon ranch on the market for $14 million.
The property sits along the Rogue River outside the city of Medford in southern Oregon, according to Alan DeVries of Sotheby’s International Realty, who has the listing with colleague Matt Cook.
Mr. Duffy said he bought the first roughly 130 acres of the property in 1990 for roughly $1.5 million with his late wife, Carlyn Rosser. The couple spent roughly two decades and about $3 million buying surrounding properties when they went up for sale, said the actor, who has made the ranch his primary home since the early 2000s.
“My family always felt like we were stewards as opposed to owners,” said Mr. Duffy, 73. “We kept the boundaries sacred.”
Mr. Duffy said he first saw the property while fishing with a friend. The property contained a few structures, including what is now the main house, but was mostly wilderness, he said.
“It was pristine,” he said. “There was no paved road. There were some trails through the woods and about a mile—a little less than a mile—of river frontage.”
Mr. Duffy said he flew Ms. Rosser out to see the ranch, and they bought it. The main house has four bedrooms, and connects to a gallery where the couple displayed their art collection. They converted a caretaker’s cottage into a one-bedroom guesthouse with a loft. They also added a building that contains a hot tub overlooking the river, a structure for an indoor lap pool, and a wine cellar built into the side of a mountain, all within walking distance of each other.
As they purchased adjacent properties over the years, they acquired eight more houses and several pastures that are rented out to local ranchers. One of the homes was demolished, six are rented to tenants, and one is used as the ranch manager’s house, according to Mr. Duffy.
“We became a working ranch but not with our own animals,” he said. “It added the most beautiful, bucolic sense of the place.”
A homestead that dates back over 100 years still sits at the entrance to the property, he said. In it he found an old stove, which he restored and put in the main house. But the majority of the roughly 390 acres remains wilderness. The property now has approximately 2 miles of river frontage, according to Mr. DeVries.
For roughly a decade, Mr. Duffy and Ms. Rosser used the ranch as a family getaway from their primary home in Los Angeles. Then in the early 2000s, when their children went off to college, they decided to move there full time.
Ms. Rosser died in 2017, and Mr. Duffy said he plans to move full-time to either California or Colorado. He will keep a few parcels of land that aren’t attached to the main ranch, according to Mr. DeVries.
Mr. Duffy is well-known for his role as Bobby Ewing in the TV drama “Dallas,” which ran from 1978 to 1991. He also played Frank Lambert on the 1990s sitcom “Step By Step.” Today he runs an online sourdough business, called Duffy’s Dough, with his partner, Linda Purl.