One of the great pleasures of this job is that I get to see inside some beautiful properties. This one easily makes my top ten of all time. Tallowwood sits on a high knoll surrounded by 100 acres of pristine natural forest and almost 1 km of the Tweed River. After walking in the front door, the view looking through the lounge and main deck, framed by the sliding doors, is a breathtaking sculptural escarpment – truly wow factor. It has six bedrooms and four bathrooms, a horizon pool, a poolhouse with games room, gym, sauna, and a separate work area. The EOI campaign will close on 16th October, and is listed with Denzil Loyd from Sotheby’s Byron Bay and Gold Coast.
Hot Properties
Ohana, 433 Seven Mile Beach Road, Broken Head
Some agents are spruiking that the sale of Ohana in Broken Head for $36 million will reignite the top-end Byron property market. The estate is located next door to the Hemsworths and was previously owned by Paul Hogan and the late John Cornell. It features multiple pavilions spanning over 22 acres, with 450 metres of beachfrontage. Former rich lister Richard Staley and his wife, Jennifer, commissioned architect Virginia Kerridge in 2014 to come up with the design. This sale price sets a new record for the NSW North Coast, and the vendor’s agents were Cullen Royle.
Byron Bay tops the Million Dollar Club
Byron Bay has topped the list of eight coastal towns with a median house price of over $1 million. Byron Bay has had a 6% growth over the last financial year, bringing its median house price to $1.5 million – the same as Sydney. Runners-up were Kiama and Noosa. More info in this Domain article.
15 Greenfield Road, Lennox Head
This house is leased by McGraths but is also an off-market listing with Belle Property. The large lot of land at Lennox Heads is interesting as the 1200 m² site allows for dual occupancy, offering development potential. Listed with Belle property for a range around $1.5 mil.
Hillview, 825 Main Arm Road, Main Arm
This 89-hectare property features two houses with a total of eight bedrooms. One house is a beautiful old Queenslander with exceptional rural views. It is being sold with a DA approval for a 13-lot Community Title subdivision. The property has been a functioning dairy farm for over a hundred years since the original house was built. With a sale price of $4.2 million, the agent Paul Prior from First National Byron says there is profit in the deal for the right person to complete the project.
Solhaven Ballina
Solhaven in Ballina is a live-work development modelled after the successful Habitat in Byron Bay. They are calling it a micro-village blending residences, creative suites, curated retail and diverse wellness options to foster creativity, connection, and community living in the Northern Rivers.
Besides the marketing blurb, I am an advocate of these master-planned community developments and believe they are a good option, especially for downsizers, young singles, or couples seeking a residence and a place to start a home-based business. Colliers is marketing the project, but I can discuss it with anyone who wants more information.
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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