The Bondi Junction Vision and Master Plan 2026 has completed public exhibition. Community feedback closed on 24 June 2026 and the plan is now expected to go to Waverley Council for formal endorsement in July 2026. For landowners, the question now is where growth is being concentrated and how that affects development value before controls are locked in.
The draft master plan positions Bondi Junction as the civic and commercial heart of Sydney's east. It proposes targeted growth around the interchange, Oxford Street Mall, the civic precinct and key mixed use locations, rather than blanket uplift across the whole suburb.
For owners, this creates a more nuanced market. Some sites may benefit from stronger developer demand because they sit within proposed high growth areas, gateway locations or amalgamation opportunities. Other properties may see limited change if they sit outside the areas where additional height and density are being focused.
The plan also ties private development to public benefits, including affordable housing, public domain upgrades, open space, community facilities and infrastructure delivery. That means future development value will be shaped not only by height and density, but by site size, location, amalgamation potential, planning risk and the public benefit obligations attached to new projects.
The full draft master plan and exhibition materials are available through Waverley Council's Bondi Junction Vision and Master Plan project page.
Not automatically. The master plan creates a framework for growth, but value will depend on where your property sits, the proposed built form controls, site dimensions, frontage, amalgamation potential, existing improvements and whether the site can realistically accommodate a feasible development.
Sites closest to the interchange, Oxford Street Mall, the civic precinct and proposed mixed use growth areas are likely to attract the strongest attention, but each property needs to be assessed on its own merits.
The draft master plan proposes a major centre renewal, including new housing, a revitalised Oxford Street Mall, a stronger civic precinct, improved public domain, the Parkline connection between Waverley Park and Centennial Park, and targeted height and density in key mixed use locations.
Key outcomes referenced by Council include approximately 3,000 new homes, 10 percent affordable housing, more than 9,000 square metres of new publicly accessible open space and around 10,000 square metres of new community infrastructure.
There is no single answer. Some owners may benefit from waiting until greater planning certainty is available. Others may be better placed testing developer interest early, especially if their site sits in a likely growth area or could form part of a larger amalgamation.
The risk of waiting is that once controls become clearer, competing sites may enter the market at the same time. The opportunity now is to understand your site's likely development potential and decide whether to position early, hold, amalgamate or prepare for a future transaction.
Yes, in many cases. Larger consolidated sites are often more attractive to developers because they can allow more efficient planning, better basement layouts, stronger apartment yield, improved public domain outcomes and more flexibility in meeting Council's design and infrastructure expectations.
For Bondi Junction owners, the key is understanding whether your property is more valuable alone or as part of a strategic site assembly.
The NSW Low and Mid-Rise Housing Policy (LMR), which came into effect on 28 February 2025, already applies across Waverley LGA, including Bondi Junction, permitting increased density within 800 metres of nominated centres and transport nodes. The Bondi Junction Master Plan is a council-led framework that sits alongside, and in some areas may complement, what the state policy allows.
In practice, this means some Bondi Junction owners may have development potential under the LMR right now, independently of what the Master Plan ultimately confirms. Understanding which framework applies to your property, and how the two interact, is an important part of assessing your site’s current and future value.
With Council endorsement expected in July 2026, now is the time to understand your site's position before planning controls are confirmed. Chem Property can assess your site against the proposed growth areas, likely developer demand and amalgamation opportunities.