Luxury, barefoot elegance, and the ultimate in clean living: Byron Bay hot property continues to offer opportunities for chilled-out lifestyles. Here’s our local knowledge on how you can get into your happy place, and other possibilities in the Byron Bay real estate world.
This modern architect designed home on Coolamon Scenic Drive was sold in April for $3.76M. The home was built by former Clean Energy Finance Corporation board member, Ian Moore. The property is completely off the grid, double-glazed, solar panel, battery and back up generator. The three-bedroom home with views over Myocum to the ocean was originally listed for $4.2M and was sold by Ruth Gotterson of McGrath.
Cemetery Road, Byron Bay
Properties south of Byron in the Cemetery Road/Lilli Pilli area seem to be having a run. With houses in the centre of town consistently hitting the $2.5M plus area, buyers on a tighter budget are looking at this area as still close to town. Last year it was Sunrise Beach, previously assumed to be a dormitory suburb is now looked on as part of town. Below are two new Byron Bay hot property listings in Cemetery Road area that are hitting a new price range…
21 Cemetery Road
Transported Queenslanders have traditionally been a cheap way for budget buyers to get a home. Not this one. This is a flip where the owners have bought a top end Queenslander and built it over a cement block and steel foundation on a residential block. It is nice and a quality fit-out with rustic charm. Be interesting to see if it gets the $2.1- 2.3 million asking price. Being sold by Katrina Beohme Real Estate.
15 Orara Road Byron Bay
This Mediterranean style four-bedroom home, “Aurora”, in Orara Court, off Cemetery Road, Byron Bay is back on the market after ten years. The home has four bedrooms, a pool, and newly renovated kitchen and bathroom. Te property is nicely fitted out for part-time holiday letting and part-time home for the owners when up from Melbourne. It is listed with Ku Darroch of Real Estate Of Distinction for $1.85M.
Lennox Head and Brunswick Heads
With the heat going off Byron Bay slightly, it has been transferred to Lennox Heads to the south and Brunswick Heads to the north. Just outside of the Byron Bay hot property zone, I have never seen Lennox Heads so in demand. Open houses are packed out and auctions are feverish. A four bedroom, new duplex with a pool just sold for $1.44M in Alison Street last Saturday – well above the reserve. There are more listings available in Brunswick Heads – but anything that lasts for long is usually very overpriced. There are a number of fairly good homes listed in Brunswick ATM but most are priced with what industry professionals call “excessive vendor expectation”.
A bit of in town commercial activity:
17 Lawson Street, Byron Bay
Lawson Arcade in the heart of Byron sold to a Hong Kong investor for $6.48M. The property is a modern, double-storey brick building of 594 square metres comprising three shops, two restaurants and four office suites with a central arcade providing pedestrian access to the rear shops and car parking on an 866 square metre site. The agent was Kath Vaubell at Byron Property Sales and had a high level of inquiry event with a tight ROI yield of only 4.7%.
Feros Arcade For Sale
Iconic Feros Arcade in Byron is another commercial property also for sale. The T-shaped property at 23 Jonson Street is listed with David Gordon of Ray White Byron Bay who expects around a $10M price tag.
Old time Byron residents will have fond memories of the Feros Brothers, whose name lives on in the arcade as well as the aged care facilities. George and Tony Feros came to Byron in the 1920s and ran a number of establishments including cafes and fruit shops over the next 50 years. George was the prime mover in launching the aged care facilities and would raise money by walking the streets in a flowing white beard rattling a collection box. He died in the Bay in 1981 and brother Tony died in Brisbane in 1983. Vale the Feros brothers.
Earth and Sea Pizza
Earth and Sea Pizza is an original Byron Bay brand and has been in operation, in various locations, for as long as I can remember. It is on the corner of Byron and Fletcher street and sits 130 – 150 people. WIWO for $550,000.
Hyundai Pavilion South Korea
Enthusiasts of interesting architecture should have a look at the Hyundai pavilion installed in Pyeongchang South Korea. It is completely black – a super-black, painted in a special paint that absorbs 99% of light. From the outside, it looks like you are looking into the deep night sky. The inside is completely opposite as it is full of light and a hydroponic water display. Google Vantablack pavilion.
While Jerusalem prays, Tel Aviv plays
Cities that have been getting constant attention due to excessive property price rises have been Hong Kong, Sydney, and Vancouver. But now there is a new contender. Tel Aviv may not seem like a sought-after destination. Who cares about missiles and inappropriate land acquisitions?? The Israeli capital (for now) has been rising in popularity – and prices. According to the international real estate agency, Savills, the Israeli government has introduced taxes and disincentives to curb a red-hot, speculative market.
Modern Tel Aviv – dubbed the “Mediterranean Manhattan” – is a thriving, dynamic, multicultural city with an enviable climate, spectacular water views and a booming tech industry, which is fuelling demand for luxury property. In February, Savills released its Tech Cities 2017 report. Tel Aviv appeared in 15th spot, one behind Melbourne, in the survey that measures a combination of factors such as business environment, city buzz and wellness, real-estate costs, tech environment and talent pool.