Byron Bay Real Estate
» Click Here For A List Of Accommodation
Byron Bay real estate attracts a very eclectic group of residents and visitors with an average age much lower than the Australian population average. However, in the villages surrounding Byron Bay there are many retirees who come into Byron Bay for shopping and dining. The population may be evolving because the real estate prices within Byron are forcing out all but the wealthy and these tend to be an older demographic.
The focal point in Byron Bay is the beach itself. It is north facing and protected and a great meeting place. The beach is really a pedestrian highway leading to Wategos Beach and the lighthouse, which is the most easterly point in Australia. Wategos is a small beach, popular with board riders and overlooked by some very expensive real estate. On the southern side of the lighthouse lies the beachside hamlet of Suffolk Park. The surrounding towns, where a lot of over sixties gravitate to, are Bangalow, Brunswick Heads, Ocean Shores, Mullumbimby, Federal and Possum Creek - the last being the former home of actor Paul Hogan. The choices are beach houses, country houses or small farms. Bangalow is a small inland village whose main street features historic buildings, cafe's, restaurants, a friendly pub and antique, craft and specialty shops. Brunswick Heads is an old style coastal village with modest housing and the choice of calm water or surf as it is on an inlet. Ocean Shores was established as a resort and recreation development. It is a well maintained, very comfortable community with lots of space, views and nice houses as well as having a luxury country club and golf course. Mullumbimby is a small picturesque inland town which sits at the base of Mt Chincogan.
Byron Bay is unique and has a ‘passing through’ feel about it which is after all what many people are doing. There are all types of people in town and don’t be surprised if you’re approached by someone who looks like they’ve been involved in a game of paint ball skirmish asking you for money. But look beyond the Bay and you will find some magic hideaways which are home to people probably just like yourself.
Byron Bay’s real estate development in has always been on a low scale and of a low key and this is one of its attractions that so many people are drawn to. The Council's Development Control Plan is strictly enforcing that no building is more than three levels high.
The average house price in Byron Bay in 2003 was close to $530,000 and by 10% per annum over the last few years. Even conservative valuations have put recent growth in real estate values along the beachfront, Wategos Beach and Suffolk Park at phenomenal levels.
