Domain just released the nine best holiday homes to stay in for a long weekend. Byron Shire, of course, won the two top spots:
#1 was The Chalet in Kingsley Street, Byron.
It is billed as Palm Springs meets Byron and was recently featured in Vogue Living. Classic white interiors open on to a large backyard complete with a pool and cactus garden and an outdoor shower. It rents for $995 per night.
#2 was the Magical Rainforest Retreat in Main Arm.
Domain’s blurb for the property reads: “If heading off the beaten path is more your cup of tea, then why not book a long weekend at this secluded rainforest retreat. Whether you planning a romantic getaway or in need of some much needed “me” time, you’ll need to cross a fairy light-adorned bridge in order to enter this magical cabin, located within an enchanting 9.7-hectare property. For extra relaxing points, there’s a swinging basket chair hanging over the creek to enjoy.”
News that Sydney prices may be slowing is correct but there are still strong patches. Top end properties resisted the minor slump being experienced in less sought after areas. An example of this is 67 Bower Street in Manly. It just sold at auction for just under $10 million. Nothing unusual about that except the final price was $2 million over the reserve. There were four strong bidders, then dropping to two. The last two kept the bidding going landing a windfall for the vendor who was marketing consultant Michael Quirk. The quirk family had lived there for 25 years buying the original home for $710,000.
Brunswick Heads record
BPS had its own auction record during March. After a successful winning streak of 6 out o 6 auctions acting for clients over the last year, we lost out on the 7th. The two bedroom unit at Broadview on Fawcett Street Brunswick Heads went to auction with a lot of interest. The penthouse unit in this character-filled block has ocean and river views. My client and I lost out after spirited bidding got to $1,023,000. The last record for a unit in Brunswick Heads was mid 800s. If you are thinking of bidding at auction, remember to consult with BPS if you are. The fee is $750 and includes a property report, market estimation and an unemotional bidding experience on the day.
Some media have been reporting that A-list actor Matt Damon was throwing in the towel with the USA, due to Donald Trump, and moving his whole family to Byron Bay. His office has since refuted this story and stating categorically he is remaining in the States. The real story is he is renting a house for three months close to mate Chris Hemsworth down on Seven Mile Beach for some extended R&R but is not moving here permanently.
Aussie superstar Margot Robbie IS buying a house in Byron though.
The house is a four bedroom timber home also close to Seven Mile Beach but part of the Linneaus Estate. It was an off-market purchase for $4M.
Ms Robbie has had a spectacular rise in stature after starring in, and co-producing, the hit film, “I, Tonya”, which received a number of Oscar nominations. The actress spent a lot of her formative years growing up in Nerang of all places. Coming back to Byron is almost like coming home.
Cup of tea and a chat
As well as auctions, BPS principal, Michael Murray, seems to be in demand to consult about general property issues. Many people are thinking about buying or selling, splitting up, splitting assets, moving, downsizing, or investing. No matter what the issue is, it can be good to have a neutral, knowledgeable person to consult with. Most people need a sounding board before jumping off the cliff. $125 per hour or $150 an hour and a half – must include a cup of tea.
What to with the Mullum Hospital Site?
Byron council are suddenly feverishly animated to ask the community what it wants it to do. There are community input subcommittees, pop up parklets, questionnaires, Expressions Of Interest and pitch sessions everywhere you turn.
The most pressing one is the pitch session for what to do with the Mullumbimby hospital site. If you have an idea on what to do you can pitch it in Mullumbimby on April 18 or Brunswick Heads on April 23rd. To get more info go to www.yoursaybyronshire.com.au or email Rachel.Derbyshire@byron.nsw.gov.au or call 6626 7000.
State of the Market
Last week, the Echo Property Insider asked me to give my opinion on the state of the market. This is what they published – for what its worth:
“The market is seeing a plateauing right now. The bull run of late last year was not sustainable. However, demand pressure for good property in good locations is very deep. Also, we can expect to see more product being listed as owners assume recent price rises have levelled. This will mean there will be more buying opportunities. But if the present the level of demand is maintained, it will probably not translate into price reductions in the near term”.
The New Eat Street
Byron Lane, behind the Beach Hotel, has been known for a while as our Eat Street. It is well worth having a look at the top end of Fletcher Street as well as it seems to be developing into Eat Street Mark 2. The restaurants there are all interesting and worth a visit. I especially like the Finn Poke (bowl of salad and raw fish Hawaiian Style), Taste of Melaka (Malaysian street food). Next door to the Japonaise Kitchen, which is also good, is a new vegetarian called No Bones. I was lucky enough to go to the opening night and it is absolutely fabulous. Food is out of this world – even for carnivores.