With the spring market now underway, prime properties in Sydney’s Eastern Suburbs—one of Australia’s peak real estate markets—are set to attract astute buyers both locally and globally, says Mr Ric Serrao, Principal of the award-winning Raine & Horne Double Bay/Bondi Beach.

Consistently ranked among Australia’s top real estate agents, Mr Serrao has recently listed a prime architectural masterpiece at 76 Hastings Parade, North Bondi, set to go to auction. He expects it will attract significant interest from astute Australian expats, foreign buyers, and local purchasers alike.

Mr Serrao anticipates a vibrant spring season, challenging predictions of an oversupply in the Eastern Suburbs. “While prices are levelling off in some areas, I believe there’s a distinct window of opportunity for savvy buyers,” says Mr Serrao.

“Prices have eased by 5-10% from their peak of a few months ago, and with fixed-rate mortgages stabilising and potential cuts to variable rates on the horizon, I expect the market to rebound swiftly once a rate cut is announced.”

He further notes that properties considered “10/10” in terms of location, design, and amenities, such as 76 Hastings Parade, North Bondi will continue to perform well. “There has been a significant lift in the rental market, which softened during winter, and I believe properties that tick all the boxes—such as parking, natural light, and outdoor spaces—will attract strong buyer interest.”

Mr Serrao adds, “I have always been a fan of securing properties with some land attached. Given the high building costs, astute buyers should now focus on unrenovated properties, which currently are discounted. We have not seen any negative price adjustments in the bespoke and prestige market, and I believe this segment will continue to experience capital growth.”

Resurgence in demand for lifestyle hotspots as spring heats up

As temperatures rise, Mr Serrao predicts a resurgence in demand for properties in lifestyle-oriented areas. “The 2026 postcode, encompassing Bondi precinct, North Bondi, Queens Park, Centennial Park, and Paddington, will see heightened interest from both buyers and renters, which is good news for investors”, he states.

“The winter lull is over, and as the weather warms, these areas will experience increased enquiry.”

One property poised to garner significant attention is 76 Hastings Parade, North Bondi. Designed by renowned architect Andrew Burges, this architectural masterpiece epitomises luxury living.

“Properties such as 76 Hastings only come up every few years, if that,” says Mr Serrao. “This home is a rare commodity, and I believe astute buyers—whether local or international—will be willing to pay a premium for such a unique offering.”

Situated on a palatial, north-facing, 474 sqm level block of land, this family-friendly home’s design features awe-inspiring, double-height voids side-lit by expansive window panels that frame the sky.

Internal bridges separating adult, guest, and child zones help natural light flow effortlessly throughout the home. The property masterfully combines architectural excellence with an ideal family floor plan. The upper level features five bedrooms, an office, and a living area, while the downstairs living areas offer seamless indoor-outdoor harmony.

Mr Serrao adds, “The property’s distinctive pale bricks, imported from Denmark and initially developed for the Kolumba Museum in Cologne, form the foundation of a robust material palette. Meticulously crafted with a unique blend of brick, polished concrete, natural timber and blackened wooden cladding, this home showcases an exceptional attention to detail.

“It offers a remarkable family sanctuary that is as functional and luxurious as it is undeniably stylish. Every element reflects the quality of craftsmanship and the elegance of the design. This superb location is just a short stroll from cafes, restaurants, and world-famous Bondi Beach.”

Interest rates and buyer behaviour

Addressing the current interest rate environment, Mr Serrao acknowledges the influence of rates on market activity, particularly for lower-priced properties. “Interest rates and inflation are creating a ‘double whammy’ effect, especially on the apartment market,” he explains. “However, once inflation is under control and we see a rate cut, I expect a surge in market activity.”

Mr Serrao also notes a shift in buyer behaviour as spring approaches, with more buyers returning to the market after a hiatus.

“We’re starting to see some early signs of bargain hunters coming out of the woodwork for the first time in 12- 18 months, sensing better buying opportunities,” he says.

“Once this trend gains momentum, I anticipate a fear of missing out (‘FOMO’) to drive strong competition, particularly in the unrenovated property segment, which presents excellent value in the current market.”

For all your sales and property management needs in Double Bay, Bondi, North Bondi, and surrounding areas, or to arrange an inspection of 76 Hastings Parade, contact Raine & Horne Double Bay/Bondi Beach at 02 9327 7971.