A small Bondi Beach studio sells for $500,000, shining a spotlight on the abysmal state of Sydney City’s housing situation.
Sharp-eyed Sydney residents scoffed at the 17-square-metre apartment, saying it is prohibitively expensive for the city in an overpriced housing market. A tiny Bondi studio apartment has fetched more than $500,000, showing how far people will go to own a little piece of the icon’s renowned coastline. The apartment’s single room measures up to 17…