Inside Sydney’s prestige rental market

The Swell, Bondi Beach penthouse, reputedly now home to the fashionista Pip Edwards and her boyfriend Nicholas Nogarotto, showcases Sydney’s mildly problematic prestige rental market for landlords. There had been a reduced $4350 a week asking rental through Mendel Gavson and Jessica Naiman of Cohen Farquharson for the Warners Ave three-bedroom, three-bathroom space before going under offer. MORE: Lleyton and Bec Hewitt’s $14m home for sale amid talk of a ‘split’ The Swell at Bondi Beach. It had been on the market since June, initially seeking $4,800 a week. The two-level penthouse with coastal views had been a $4,650 a week offering in mid-2025, when snapped up after one month. It was offered at $4,200 a week in early 2023 and before the pandemic, it had been offered at $3500 a week. Vaucluse’s Euripides Spyrides is the landlord who paid $4.6m in 2016. MORE: Aus fashion obsession breaks major malls Pip Edwards. Picture: Naomi Rahim/Getty Images Proptrack calculates the median rental price for a three-bedroom apartment in Bondi Beach as $1695 per week, up around 4 per cent over the past year. Bondi Beach’s one bedroom rental is now sitting at a record $850 a week, up from $823 a wee...