diff --git a/.changeset/hot-crews-notice.md b/.changeset/hot-crews-notice.md
new file mode 100644
index 000000000000..5b11a82fda86
--- /dev/null
+++ b/.changeset/hot-crews-notice.md
@@ -0,0 +1,5 @@
+---
+'svelte': patch
+---
+
+fix: transform `$bindable` after `await` expressions
diff --git a/packages/svelte/src/compiler/phases/3-transform/shared/transform-async.js b/packages/svelte/src/compiler/phases/3-transform/shared/transform-async.js
index 444b8d7d9446..6ec789345230 100644
--- a/packages/svelte/src/compiler/phases/3-transform/shared/transform-async.js
+++ b/packages/svelte/src/compiler/phases/3-transform/shared/transform-async.js
@@ -55,7 +55,7 @@ export function transform_body(instance_body, runner, transform) {
 
 				if (visited.declarations.length === 1) {
 					return b.thunk(
-						b.assignment('=', s.node.id, visited.declarations[0].init ?? b.void0),
+						b.assignment('=', visited.declarations[0].id, visited.declarations[0].init ?? b.void0),
 						s.has_await
 					);
 				}
diff --git a/packages/svelte/tests/runtime-runes/samples/async-bindable-prop/Child.svelte b/packages/svelte/tests/runtime-runes/samples/async-bindable-prop/Child.svelte
new file mode 100644
index 000000000000..4214a85f3714
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/async-bindable-prop/Child.svelte
@@ -0,0 +1,8 @@
+<script>
+	await Promise.resolve();
+	let { value = $bindable("test") } = $props();
+</script>
+
+<button onclick={() => value = 'updated'}>update</button>
+{value}
+
diff --git a/packages/svelte/tests/runtime-runes/samples/async-bindable-prop/_config.js b/packages/svelte/tests/runtime-runes/samples/async-bindable-prop/_config.js
new file mode 100644
index 000000000000..a4ff70a8dc02
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/async-bindable-prop/_config.js
@@ -0,0 +1,35 @@
+import { tick } from 'svelte';
+import { test } from '../../test';
+
+export default test({
+	mode: ['async-server', 'client', 'hydrate'],
+	ssrHtml: `
+		<button>update</button> initial <p>initial</p>
+	`,
+
+	async test({ assert, target }) {
+		await tick();
+
+		assert.htmlEqual(
+			target.innerHTML,
+			`
+				<button>update</button>
+				initial
+				<p>initial</p>
+			`
+		);
+
+		const button = target.querySelector('button');
+		button?.click();
+		await tick();
+
+		assert.htmlEqual(
+			target.innerHTML,
+			`
+				<button>update</button>
+				updated
+				<p>updated</p>
+			`
+		);
+	}
+});
diff --git a/packages/svelte/tests/runtime-runes/samples/async-bindable-prop/main.svelte b/packages/svelte/tests/runtime-runes/samples/async-bindable-prop/main.svelte
new file mode 100644
index 000000000000..e053fdda6a17
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/async-bindable-prop/main.svelte
@@ -0,0 +1,9 @@
+<script>
+	import Child from './Child.svelte';
+
+	let value = $state('initial');
+</script>
+
+<Child bind:value />
+<p>{value}</p>
+