Byron Bay Real Estate Watch:
Barebones Gallery, Bangalow
Barebones art gallery and residence in Bangalow has been sold. It’s on 304 square metres at 44 Byron Street. Barebones Gallery was run by Ruth Ryan, and her daughter Karen, and became a well-loved institution in Bangalow.
The property included a fully self-contained residence with a separate workshop. The front three rooms operating as Barebones Art Space for 24 years, while the large enclosed workshop area set below with private entrance. Other features include the large deck overlooking private gardens and rear street access. It was sold by Sharon McInnes from Byron Bay McGrath for $1.6M. It has been bought by the Mayo family from Bellevue Hill.
Classic top end Byron Bay real estate is Coorabella. This iconic Australiana property lasted only a short time on the market. One of the first inspections reached offer acceptance at $6.25M. The classic Queenslander with magnificent pool and grounds was owned and designed by jewelry designer Gio D’Ercole who is now moving to Wategos Beach. The property was a favoured location for fashion shoots and celebrity weddings. It was sold by Ku Darroch of Real Estate of Distinction.
Lot 2/ 35 Bangalow Road, Byron Bay
Not many vacant blocks left in Byron Bay town anymore. This is an empty half block cut off from an old quarter acre block. It is listed with Liam Annersley from LJ Hooker and the guide is $950,000 – 995,000. It comes with existing plans and looks to be set back from busy Bangalow Road, so not much noise. It also is a bit high so has decent views.
2/27 Brigantine Street, Byron Arts and Industrial Estate
Many people overlook commercial units as good value Byron Bay real estate. Units in the Industrial Estate have increased in value. This 175 M2 unit is listed for $699,000. Ten years ago these units would sell for under $300,000. It took a while for Byron Ind units to see reasonable CGT. More growth will be expected as Byron Industrial Estate is almost full. (See more on future Industrial unit sites in this month’s Around The Traps article.
100 Binna Burra Road, Binna Burra
This is classic Byron Bay hot property: 108 acres of high land in Binna Burra – just a short distance out of Bangalow. This property has 8 bedrooms, 7 bathrooms and parking for 15 cars. It has approval for weddings and B&B. Anything in a rural area if some kind of tourism approval intact is valuable these days. It is not easy to get any new zoning upgrade through. Going to auction if not sold prior, with Helen Huntley Barrett from First National Byron Bay and expecting three something.
9 Henderson Drive, Lennox Head
As I mentioned in last months Hot Property, Lennox Heads (and Brunswick Heads) has been running hot. Looks like it has cooled considerably in a matter of weeks. A couple of auctions and listings I have been watching did not sell.
A new listing is 9 Henderson Drive. The house is three bedroom, 2 Bathroom and excellent ocean views across the Coast Road and a walk to the beach. The house is expecting $2M and listed by Elders Lennox Head.
16 Dinjerra Place Mullumbimby
Not many people know about this little pocket of a suburb in Mullumbimby. Turn right before St Johns school on to Casuarina Street and there is a quiet little pocket of homes. 16 Dinjerra is a standard large 3 bedroom brick home but I do not see many properties come up in this area. Looking for $829,000 and listed with Chincogan Real Estate.
Byron Vs Noosa
Interesting chart here on how much better Byron Bay Hot Property has performed in relation to Noosa: