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There's not much around in Bronte in 2 bedroom units under $550k. This just sold (asking 600k) http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=106312881&f=0&p=10&t=res&ty=&fmt=&header=&cc=&c=88729540&s=nsw&snf=rbs&tm=1267052695