Where you can still bag a bargain in the celebrity hotspot of Byron
IT may seem like half of Hollywood is flocking to Byron Bay, but you don’t have to be a movie star to afford a piece of the country’s hottest property right now.
The once sleepy, hippy town has seen property prices skyrocket more than 134 per cent in the past five years — thanks to the Hemsworth effect and a surge in demand for high-end real estate.
The median house price in Byron Bay is now $1.5 million, while the most expensive suburb in the region is Coopers Shoot at $2.75 million, according to CoreLogic data — both outpacing many of Sydney’s trendy beachside suburbs.
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But it is still possible to pick up a home in the heart of Byron for under $700,000, and even the most expensive home for sale in the area at the moment has had its price slashed by around $3 million.
Byron Bay has long been a favourite holiday destination for Queenslanders, but now it’s common to see the likes of Matt Damon, Naomi Watts, Margot Robbie and Liam Hemsworth with his girlfriend Miley Cyrus regularly wandering the streets and beaches.
Thor star Chris Hemsworth and wife Elsa Pataky are putting the finishing touches on the $20 million mansion they have built in the hills of Broken Head and are continually adding to their property portfolio in the area.
A few kilometres away, tennis ace Pat Rafter and his family have put down roots, with the first images of their rural retreat revealed this week.
Rafter reportedly spent about $3 million on the property in total, after buying the land when it was just a paddock four years ago for $1.35 million.
Other high profile residents include musician Angus Stone, of the duo Angus and Julia Stone, lives on an estate near Byron Bay, while former netballer Liz Ellis lives on a farm with her family just outside the town.
Other big names that now call Byron Bay home — or at least a holiday spot for some of the year — are Channel 10 personality Carrie Bickmore, musician Pete Murray, model Gemma Ward and soccer hero Tim Cahill.
Local agent Karin Heller of Parkinson Property said the number of celebrities moving to the area in recent years had done wonders for property prices.
“If you’re a property owner, it’s a good thing,” she said.
“As long as they integrate into the community and want to be part of it, it’s nice.
“Generally, Byron’s become incredibly sought-after and prices reflect that.”
If you’re willing to fork out a little more though, there are some amazing properties up for grabs.
Agent Liam Annesley, of L.J. Hooker Byron Bay, is selling the Wategos Beach property of Peter Mattick, the co-founder of Salmat.
The home marketed as ‘Byron’s best house’ was listed with $18.5 million hopes when it first hit the market early last year, but the price has now been slashed to $14 million to $15 million.
Mr Annesley said he was getting interest from young expats for the beachside property and that since the price had been reduced, viewings had increased.
With around 2.25 million tourists flocking to Byron in the past 12 months, the local agent is expecting a bit spring selling season ahead.
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“I think with the recent interest rate drop, the market’s going to run, and we’re starting to see that already,” Mr Annesley said.
“My pick is we’ve seen the bottom of the market and have a bit of time before it kicks into gear…if I were looking to buy, I’d get my ducks in a row this winter.”
In the heart of Byron Bay and with a slightly more affordable price tag, a boho cottage at 22 Kingsley Street has hit the market for $3.2 to $3.2 million.
The home belongs to the fashion designers behind the label Mister Zimi and is being marketed by Christian Sergiacomi, who recently launched his new agency Pacifico Property with wife and television personality Shelley Craft.
FIVE OF THE BEST BARGAINS FOR SALE IN BYRON RIGHT NOW
1. 525 COORABELL RD, COORABELL
A deceased estate only 15 minutes from Byron Bay has just hit the market and is set to sell for a steal.
The two-bedroom brick house on just over 2ha of land in the Byron hinterland could either be renovated or demolished to make way for a new home.
Surrounded by dream homes, the property goes to auction on August 10 and is listed with Helene Adams of First National Byron.
2. 7/21-25 CEMETERY RD, BYRON BAY
Asking price: $685,000 to $750,000
This three-bedroom, three-bathroom townhouse is close to town with an airy, light-filled feel and a bush outlook.
Set over three split levels, with a double garage
Listed with Paul Banister and Robyn Hunt of First National Byron.
3. 4 HANLON COURT, BANGALOW
This four-bedroom house is touted as being in ‘the best location’ in Bangalow.
It comes with a covered outdoor deck, a huge kitchen with walk-in pantry and a magnesium swimming pool.
Listed with Karin Heller of Parkinson Property.
4. 11/10 BALEMO DR, OCEAN SHORES
Asking price: $650,000
This three-bedroom, two-bathroom townhouse is for sale for the first time and a bargain at just $650,000.
The complex is next to a championship golf course and only a six minute drive to North Coast beaches.
Listed with Julie-Ann Manahan of Raine & Horne.
5. 60 MAIN ARM RD, MULLUMBIMBY
Asking price: Reduced to $674,500
This original, two-bedroom 1950s timber cottage is on a huge 1334 sqm block — so big you could put a granny flat on it!
Inside is light and airy with high ceilings, timber floors, French doors and northerly views to Mt Chincogan.
The property is in walking distance of the heart of Mullumbimby.
It”s listed with Mark Cochrane of Professionals.
LIVE LIKE A STAR IN BYRON BAY IN ONE OF THESE HOMES
Buyers looking to splash some cash and wanting to get the full Hemsworth experience may want to consider one of these luxury homes around Byron.
1. 41 MARINE PDE, BYRON BAY
Asking price: Was $18.5m, now $14m
The holiday home of Salmat co-founder Peter Mattick and his wife, Pam, is still on the market a year and a half after first listing.
The trophy home on Wategos Beach spans two levels with a central swimming pool and panoramic ocean views.
It was first listed with an $18.5 million asking price, but that’s been reduced to ???
The current record for Byron Bay was the sale of a home to property developer Danny Goldberg in 2006 for $15.68 million.
Mr Mattick bought the property in 2004 for $3.9 million before commissioning architect Tim Moon to turn it into his dream holiday home.
The property is listed with agent Liam Annesley, of LJ Hooker Byron Bay.
2. 105 COOPERS SHOOT RD, COOPERS SHOOT
Asking price: $10m to $11m
This amazing home overlooking Byron Bay is on 2.7ha of land and has six bedrooms, eight bathrooms and an entertainment terrace with pool.
Just minutes from beaches, the kitchen has premium appliances, the main bedroom has two ensuites and there is a lift to the upper floor.
A detached guest studio, a games room, gym, pool house and four-car garage are also included.
The house is listed with Nick Dunn of McGrath Byron Bay.
3. 144 LIGHTHOUSE RD, BYRON BAY
Asking price: $8m+
4. 41 BROWNELL DRIVE, BYRON BAY
Asking price: $5m
Closer to Wategos Beach is this cute three-level house.
Features include an in-ground pool framed by timber decks, while the house itself has four-bedrooms, the main with an ensuite.
There is a breakfast bar in the kitchen, while the bathroom has a spa bath.
The house is listed with Nick Dunn of McGrath Byron Bay.
5. 160 TANDYS LANE, BRUNSWICK HEADS
Asking price: $5m
This property with expansive views of Cape Byron has three separate dwellings.
The main timber home has four bedrooms, while the other two could be used as guest retreats or accommodation for extended family.
The views span from Julian Rocks to Cape Byron Lighthouse and the property is on 7.67ha of land with plenty of parking.
The home is listed with Helene Adams of First National Byron.
10 TOP SUBURBS FOR PRICE GROWTH IN THE BYRON BAY REGION
Suburb Median house price 12 mth change in median price
Myocum $1.33m 33.3%
New Brighton $1.08m 22.4%
Suffolk Park $1.26m 20.2%
Federal $1.225m 16.7%
South Golden Beach $875,000 16.7%
Clunes $712,500 12.9%
Bangalow $960,000 10.7%
Mullumbimby Creek $1.08m 9.3%
Ocean Shores $745,000 8.8%
Mullumbimby $740,000 5.4%