8 Border St. – New Byron Record?
2025-02-03 10:45
Has the Byron Bay house price been exceeded again? That is the question being asked in some circles. The current record sits at $37 million for Tom and Emma Lane’s equine fantasy Copperstone outside of Bangalow, which sold for $37 million in May. 8 Border Street is 2097 M2 on Belongil Beach and has been listed for $40 million. The SOLD sign has just gone up, but the price is undisclosed. The property took three years to build with a Melbourne architect and was developed by Shane and Rebecca Smollen. He is a co-owner of Sydney-based developer Central Element and a director at McGrath. The block was part of the John Cornell and Delvene Delaney estate, subdivided in 2017.
Rockpool Farm, 84 Fowlers Lane, Bangalow
2025-02-03 10:43
Rockpool Farm at 84 Fowlers Lane, Bangalow, has been sold to local identity Tom Misner. The rural property on 15 acres has three dwellings, ten bedrooms and seven bathrooms. It sold for $15 million, which is a new Bangalow record.
Tom Misner is a long-term resident of Byron Shire with a history of buying and selling local luxury real estate. In the 90s, he developed the SAE media school on Ewingsdale Road. It was the world HQ of SAE (School of Audio Engineering), which he sold for close to 1 billion dollars.
5 Aldinga Road, Ocean Shores
2025-02-03 10:41
This 5 Aldinga Court Ocean Shores property will listen to offers and has already been reduced by $150,000. What is being overlooked is that it already includes R3 or commercial zoning. The house is respectable and good to live in, but it can be removed and developed with more density or be commercial. The house has three bedrooms, one bathroom, and a pool. It has been reduced to $1.5 million – live in for a while and develop later.
49 Cedervale Road, Bangalow
2025-02-03 10:37
Cedervale is a stand-out property currently for sale. I mentioned it when it went on sale late last year. I am posting it again as I know the property and believe it is an exceptional opportunity for the right buyer now that the price has been reduced. It had been listed for $15 million, but the owners have found their next home and are ready to listen to offers. It is listed through David Gordon at Ray White REA, but I am happy to introduce you to the owner and/or agent.
Drop In Value?
2025-02-03 10:36
This table lists the NSW coastal towns with the most median house price declines. Three suburbs in Byron Shire make the list: Ocean Shores (22.7% drop), Brunswick Heads (20%), and Suffolk Park (19.1%).
This price reduction is from the peak during COVID-19. The list does not show how much these places shot up during Covid. Even with these drops, it does not show these towns’ exceptional growth before they peaked. So residents in these locations should not be too disheartened.
Lismore and M’bah Relocation homes.
2025-02-03 10:11
The Reconstruction Authority is the new entity responsible for cleaning up after the 2022 floods. They have appointed PRD Realty to sell the houses in Lismore and Murwillumbah that were part of the buyback. It may be a good deal if you have vacant land and want a cheap house. But you need to know what you are doing; it is not as easy as you think. However, this has been a good way for entry-level homeowners to enter the market for many decades. Recycling houses instead of demolishing them for landfills is also good for the environment and helps solve the housing shortage.
The Trend in Byron Bay Real Estate
Once known as a sleepy surf town, Byron Bay has received high levels of interest from Sydneysiders as well as Hollywood celebrities who have been looking at homes for sale in Byron Bay. In the past couple of years, the Australian housing market has shown its strength by moving toward less crowded neighborhoods, with almost 40 percent of Sydneysiders realising that living in a surf town could be their reality.
Movie star Chris Hemsworth and his wife Elsa Pataky currently possess a mega-mansion in the area and Hollywood ‘A-listers and trendsetters alike have consistently been flocking to Byron since they purchased here in 2014.
What You Should Know About the Byron Bay Property Market
Byron Bay is Australia’s most easterly point, with idyllic beaches in a rustic, rural backdrop. The area is 90 kilometres south of the Gold Coast in Queensland and 760 kilometres north of Sydney. Here are a few interesting points about the area, which is one of the most sought-after regions to live in for Aussies and celebs:
- The Byron Shire is a real estate darling of the East Coast of Australia. One of its regional towns is the most desirable in the country: Bangalow has the tag of Australia’s best-performing regional town over the past 20 years.
- According to realestate.com.au’s 2020 REA Insights Regional Australia Report, there was an increase in the price of houses in Bangalow of 1.2 percent, from $76,025 in 2000 to $1.05 million in 2021. Additionally, the push towards remote work in 2020 generated new interest in certain areas such as Northern Rivers. Consequently, prices shot up by almost 30 percent because of the area’s popularity in people buying up any houses for sale in the Byron Bay Hinterland.
- End 2022: some of the first places to witness price drops are the popular regional tourist playgrounds. Richmond-Tweed, which includes the well-known Byron Bay area, is the SA4 regional market that has seen the highest decline in house prices to date, across all types of dwellings. Home prices are down 6.3% from their all-time high, affecting factors include the 2022 flooding, bringing the percentage gain in home prices from March 2020 to 51.90%. (Proptrack Home Price Index).
- Byron Bay is approximately 19.8 square kilometres with 15 parks covering a total area of 24.3 percent. In 2016, the population was close to 6,000, with an annual increase of 11 percent. Individuals between the ages of 20 and 29 are the average residents, with 57 percent of these owning their property. Mortgage repayments range between $1800 and $2399 per month.
What Sets Byron Property Search Apart?
We are a prominent buyers agency that has been assisting individuals for 20+ years with their desires to relocate to this beautiful area. We can act as a buyer’s agent if you’re looking for property for sale or houses in Byron Bay, or a vendor’s advocate if you’re selling your home in Byron Bay.
- As a buyer’s agent, we work for you by searching for a property in Byron Bay and/or the surrounding areas that suits your lifestyle, even if you can’t always be present for the process. We are long-term locals who have a deep understanding of the property for sale in the Byron Bay greater region and can offer you trustworthy advice throughout the process of acquiring a property.
- As we strive to obtain the best deal possible for you, we guarantee transparency. With us by your side, you can make your acquisition with confidence.
- There aren’t any limits to the properties for sale in Byron Bay that we can assist with, including hinterland property, a home, apartment or commercial building. Our knowledge of the region and experience with homeowners means that we can sometimes broker a deal directly with an owner before the house goes on the market.
Why Choose Byron Property Search?
Our principal Michael Murray has more than 20 years of experience as a buyer’s agent alongside 35 years of living and working in the region. Byron Property Search is a reputable agency that can assist you with all your real estate needs. Contact us to start the process.
Useful Links
Recent Properties: Byron Property Search has helped many people to purchase or sell a home in the Byron Shire. View recent properties
Market Watch: Read the latest insights on what’s happening in real estate in Byron Bay, and in other parts of Australia. Read Market Watch
Around the Traps: ‘Around The Traps’ brings you general news and views of what’s happening around the Byron Shire. Read Around the Traps
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