James start investing in beachside suburb? (5)

I believe the answer is:

bondi

'beachside suburb?' is the definition.
(An Australian beachside suburb)

'james start investing' is the wordplay.
'james' becomes 'Bond' (James Bond is a fictional spy).
'start' says to take the initial letters.
The initial letter of 'investing' is 'i'.
'bond'+'i'='BONDI'

'in' is the link.

(Another definition for bondi that I've seen is " Sydney beach".)

I've seen this clue in the Sydney Morning Herald.

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