Displaying items by tag: Wategos Beach

Hot Property - November

Possum Creek - top end

This property is built on a high spot in magical Possum Creek with great northerly rural views. EOI stands for Expression Of Interest and it is looking for someone to express an interest that starts with a "4" followed by six zeros, at least. Ticks all the boxes for a top end lifestyle - 5 bedroom, 4 bathrooms, studio, orchard, 80 acres, close to town but private. 

 Wategos - top end #2

This three bedroom house with adjoining villa is currently listed in Wategos Beach. It is an established Holiday Let property with an income of $200,000 PA. It was purchased in 2003 by London based surveyor, Charles Lee. He was in Oz following the Rugby World Cup, visited Byron and fell in love - as you do. It is listed by LJ Hooker Byron and looking for offers between $6 - 6.5M.

Lighthouse Road - Top End #3

A Mortgagee in Possession auction coming up on Lighthouse Road will be interesting. This is one of the last of the old houses along Lighthouse Road on the way to Wategos. These properties have perfect north views looking over the Pass and the hinterland. Renovations or rebuilds along this premium strip have been getting over $6M sales. 

Mullumbimby - mid range

My favourite part of Mullumbimby, north of town and south of the river, has had a bit of activity. There have been a few sales but not as surprising as the ones at New City Road which went for well over market expectations. 2 Tyagerah Street, original home on a large block, went for $795,000 at auction the previous weekend. There is another property in this area which has good potential and is listed off-market for offers over $750,000. 

Vacant Land, Wilsons Creek

Hen's teeth are easy at the moment compared to small acreages. This one just listed in Wilson's Creek - 5 acres for $500,000 with creek frontage.

Lismore, Casino, Kyogle

Property valuation firm Herron Todd White (HTW) have placed a firm "buy" notice on these three Northern Rivers  locations. I tend to agree with them. The low purchase price (under $300,000) plus the reasonable rents (at least 5%) make them interesting especially as other, more coastal, markets stay strong.

Alternative Digs

1. Dream Domes

This company in Billinudgel has been making dome dwellings for many years. The Dreamdome is a modular prefabricated building system. They are offering the first 22 people a discount price on the Dreamdome model to get the new product out there and be tested in the market place. 

RENDER DOME 5M DESERT 963x475 1

 

2. Glamping 

"Glamping" is all the rage around the world so we have to have it here in groovy Byron. "Glamorous Camping" is soon to pop up at the Byron Holiday Park between Byron and Suffolk this Xmas. Local accomodation provider, Cameron Arnold, already has a history of Glamping at the Falls and Splendour Festivals so this is not such a stretch. The luxury tents will be fully catered with a pop up restaurant and bar from Harvest cafe.

Title Tattle

Sydney property developer and major land owner of the West Byron development site, Terry Agnew, is in the news. His iconic Sydney home in Bellevue Hill is on the market for an expected $70M. "Rona" is a gothic style residence built in 1883 on an acre and a half. The Agnews have completed extensive renovation. Agnew is also the owner of the adjacent property on Ewingsdale Road as his company purchased the old chicken factory off the Ingham family for an estimated $3M. He became the majority owner of the West Byron site after most of the original local owners took their bat and ball and went home after facing too much local resistance. 

The sale of "Rona" will easily surpass in cost another Sydney property with a Byron Bay connection. Altona, previously Sydney's most expensive home in Point Piper, sold for $46M by Wategos beach resident, Deke Miskin. That sale is now in the news again as it was sold by a Chinese born real estate agent. It looks like the agent put the sale in the name of her mother's name to save the mainland Chinese billionaire, Mr Wang, not having to go through the Foreign Investor Revue Board. The mother got the land tax bill and other complications and now everyone involved is in a world of pain. 

Win for AirBNB

Short term holiday letting in NSW got a boost recently. The Legislative Assembly Committee on Environment and Planning spent 18 months looking into the industry. The report just released said that the industry is "operating successfully" and "with the right amount of legislation and compliance regime, can be operated in residential areas". Byron Shire at least us well advanced on this issue with what is hopefully a successfully negotiated compromise between residents and HLO (Holiday Let Organisation).

Read more...

Hot Property - November

Possum Creek - top end

This property is built on a high spot in magical Possum Creek with great northerly rural views. EOI stands for Expression Of Interest and it is looking for someone to express an interest that starts with a "4" followed by six zeros, at least. Ticks all the boxes for a top end lifestyle - 5 bedroom, 4 bathrooms, studio, orchard, 80 acres, close to town but private. 

 Wategos - top end #2

This three bedroom house with adjoining villa is currently listed in Wategos Beach. It is an established Holiday Let property with an income of $200,000 PA. It was purchased in 2003 by London based surveyor, Charles Lee. He was in Oz following the Rugby World Cup, visited Byron and fell in love - as you do. It is listed by LJ Hooker Byron and looking for offers between $6 - 6.5M.

Lighthouse Road - Top End #3

A Mortgagee in Possession auction coming up on Lighthouse Road will be interesting. This is one of the last of the old houses along Lighthouse Road on the way to Wategos. These properties have perfect north views looking over the Pass and the hinterland. Renovations or rebuilds along this premium strip have been getting over $6M sales. 

Mullumbimby - mid range

My favourite part of Mullumbimby, north of town and south of the river, has had a bit of activity. There have been a few sales but not as surprising as the ones at New City Road which went for well over market expectations. 2 Tyagerah Street, original home on a large block, went for $795,000 at auction the previous weekend. There is another property in this area which has good potential and is listed off-market for offers over $750,000. 

Vacant Land, Wilsons Creek

Hen's teeth are easy at the moment compared to small acreages. This one just listed in Wilson's Creek - 5 acres for $500,000 with creek frontage.

Lismore, Casino, Kyogle

Property valuation firm Herron Todd White (HTW) have placed a firm "buy" notice on these three Northern Rivers  locations. I tend to agree with them. The low purchase price (under $300,000) plus the reasonable rents (at least 5%) make them interesting especially as other, more coastal, markets stay strong.

Alternative Digs

1. Dream Domes

This company in Billinudgel has been making dome dwellings for many years. The Dreamdome is a modular prefabricated building system. They are offering the first 22 people a discount price on the Dreamdome model to get the new product out there and be tested in the market place. 

RENDER DOME 5M DESERT 963x475 1

 

2. Glamping 

"Glamping" is all the rage around the world so we have to have it here in groovy Byron. "Glamorous Camping" is soon to pop up at the Byron Holiday Park between Byron and Suffolk this Xmas. Local accomodation provider, Cameron Arnold, already has a history of Glamping at the Falls and Splendour Festivals so this is not such a stretch. The luxury tents will be fully catered with a pop up restaurant and bar from Harvest cafe.

Title Tattle

Sydney property developer and major land owner of the West Byron development site, Terry Agnew, is in the news. His iconic Sydney home in Bellevue Hill is on the market for an expected $70M. "Rona" is a gothic style residence built in 1883 on an acre and a half. The Agnews have completed extensive renovation. Agnew is also the owner of the adjacent property on Ewingsdale Road as his company purchased the old chicken factory off the Ingham family for an estimated $3M. He became the majority owner of the West Byron site after most of the original local owners took their bat and ball and went home after facing too much local resistance. 

The sale of "Rona" will easily surpass in cost another Sydney property with a Byron Bay connection. Altona, previously Sydney's most expensive home in Point Piper, sold for $46M by Wategos beach resident, Deke Miskin. That sale is now in the news again as it was sold by a Chinese born real estate agent. It looks like the agent put the sale in the name of her mother's name to save the mainland Chinese billionaire, Mr Wang, not having to go through the Foreign Investor Revue Board. The mother got the land tax bill and other complications and now everyone involved is in a world of pain. 

Win for AirBNB

Short term holiday letting in NSW got a boost recently. The Legislative Assembly Committee on Environment and Planning spent 18 months looking into the industry. The report just released said that the industry is "operating successfully" and "with the right amount of legislation and compliance regime, can be operated in residential areas". Byron Shire at least us well advanced on this issue with what is hopefully a successfully negotiated compromise between residents and HLO (Holiday Let Organisation).

Read more...

Hot Property for September

Hot Property for September
Business News:

Whenever First National agent Tara Torkkola enters East Mullumbimby, the resident’s eyes go “Kaching! Kaching!” Tara’s recent auction efforts have gone off like fireworks. She first had a hand in her own property sale at #12 New City Road, which sold for $758K – well above the mid 600s expected range. Then last month, #24 went under the hammer achieving a remarkable $900,000 with a price guide of $785,000. Admittedly, this home had a studio with dual access, but still a massive price in what I believe is not the best area of Mullum.

There have been a number of excessive sales in Mullum of late. Many locals are concerned about losing that special, distinctive vibe Mullum has managed to cultivate over the years. There is understandable concern these prices are starting to mimic the craziness of Byron and will change the nature of the town. If it is any consolation, nearly all of the people I help to settle here are trying to add to the vibe, not change it. But yes, it is getting richer and we will be forcing out long term residents that cannot afford the rents. Anyone with a workable idea on how to fix this, please send in your plan (then we will send you to the Middle East to fix that as well).

Renovations in Town

Beach – Byron Bay

The humble Beach Café on Clarks beach has seen a number of transformations over my time here. It is now called “Beach – Byron Bay” and this latest renovation comes after the successful beachside business was partly purchased by Sydney arts couple, Leon and Margaret Fink. Menu prices have also had a major face-lift as well. But the location and view is still priceless.

Margaret Fink is a successful Film and TV producer (My Brilliant Career, Candy). Leon Fink, who turns 80 this year, is a developer, entertainment entrepreneur, restaurateur and philanthropist. This should be viewed as a stamp of approval for local owner Ben Kirkwood. The Fink Group has a history of only partnering with Australia’s leading chefs and restaurants, like Tetsuya Wakuda, Tony Bilson, Peter Kuruvita and Guillaume Brahimi.

Byron Bay Brewery and Buddha Bar

Also under renovation is the Buddha Bar and Brewery at the old Arts Factory site in Gordon St., Byron Bay. The Byron Bay Brewery was recently purchased by multinational, Lion Nathan and the premises housing the brewery and Buddha Bar are being revamped. The spa and cinema are a separate business.

The Byron Bay Brewery was under pressure a few years ago for licensing its Pale Ale to Carlton United without a public disclosure. The local brewery has wanted to sell for some time after failing to get expansion plans through council. This story brings up a few interesting issues. How do we as a community when "Byron Bay” is being used for branding, especially if the product is not actually manufactured in Byron Bay? Also, a main reason they had to sell up was because they were not able to expand their business because of compliance regulations and the council generally being anti development. I know of a few businesses in this predicament. How do we balance limiting development while still wanting to provide room to grow to those businesses capable of giving full employment to more than a few?

More Beer - Stone and Wood

Another local brewing business is Stone and Wood. They managed to side step the expansion issue by opening a bigger brewery in Murwillumbah but have decided to stay local as much as possible. They are very much part of the community and are big supporters of local events, charities and community organisations. They run a funky brew house and small retail outlet at Boronia Place in the Byron Arts and Industry Estate.  Try their Pacific Ale as its excellent.

Spell and the Gypsy Collective

Screen Shot 2016 08 31 at 12.00.45 PM

Wow! Since I am talking up local Byron businesses. How about this small independent local fashion label scooping the Telstra Business of the Year prize? Sisters Elisabeth Abegg and Isabella Pennefather employ 50 women in Byron Bay, have over 800,000 website followers, sell online to over 130 countries and have the likes of Katy Perry, Mylie Cyrus as fans. They run a small retail showroom at the Browning Street roundabout at the south side of town, opposite the Green Garage. Check it out!

Brunswick Picture House

Something that is not to be celebrated is the sudden closure of the Brunswick Picture House. A few issues ago, I lauded the resurrection of this derelict building and was thrilled to see it was resurrected into an arts and cabaret venue able to support the many talented local performers. Seems like there has been a complaint from a neighbour, and coupled with a not completely kosher "existing rights" zoning approval, council have forced it to close. Please google "change.org save Brunswick Picture House" and sign the petition to support this unique and worthy asset to our local venues. 

HOT PROPERTY:
Wategos Beach stunner

Screen Shot 2016 08 30 at 2.21.30 PM

Janis Perkins from Real Estate Of Distinction agency secured the sale of “Wattai” 4 Palm Valley Way, Wategos Beach for $5.6M. The property was owned and renovated by architect Peter Maddison who is the presenter of Grand Designs Australia. He purchased the property in 2004 for $3.7M and now has sold it to Melbournian, Alan Sinclair.

2 X Byron Bay development sites

There is a block of land in Byron going to auction soon on the south side of Byron. It is just over 2000 M2 and can be subdivided into 4 X 500 blocks. If the agent estimate for $1.8 – 1.9M is accurate this could be a good buy considering how much half blocks are selling for now in Byron. Council contributions will still need to be paid as well.

Large block in Byron 

This double block on Paterson Hill is one of the last ones left. It has ocean views north west to the bay as well as north east to the lighthouse. Original house is in OK condition but will need some work. The back block is in a great quite street and only a hop and skip to Clarkes Beach. All be like for mid to high 2s.

Ocean Shores

As I have predicted in previous newsletters, Ocean Shores is now getting a lot more buyer attention. There are still some entry level properties coming on the market - under $600,000 but do not stay listed for long. I have been helping clients lately offer full price to good properties and have it taken off the market. Entry level buyers may soon be left behind I am afraid. I can understand the desire of wanting to limit any further development in our beautiful shire. Opposing all development while still supporting affordable housing, helping struggling renters and young couples getting their first home - this is conflicted thinking. 

 

 

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