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Record sale for Byron town

Record sale for Byron town

A residential record was set in Byron township last week and it wasn’t beachfront. Set on a 1,000sqm lot, the home in the old part of Byron Bay sold for the full asking price of $3.5 million.

The sale was made by Graham Dunn and Jeremy Bennett at Byron Bay Property Sales, who are responsible for four of the top six sales within the Byron township* itself since the beginning of 2012.

“The positive change in the market is the number of people moving here to live” said Graham Dunn. “Whereas eighteen months ago there were more investors buying, more recently and particularly in the past six months, people are moving here to live”.

Dunn cites improvements in flights as a factor, as well as the increased ability to work online from home. “A lot of business people are buying as they can now easily commute” he said. “The FIFO market is significant. And perhaps more interestingly, the baby boomers are starting to come. They’re sick of the rat race, they are into quality of life and they do their homework. One couple who came from Adelaide did a search of places which had great weather and were accessible. Byron won them”.

Ned Rockman recently purchased through Byron Bay Property Sales. “I’ve loved it up here for many years” he said. “I’m almost 45 and I don’t want to spend the second half of my life in Melbourne. I want to spend it here”.

Byron Bay Property Sales also hold Byron’s most impressive portfolio of luxury holiday rentals. They have Christmas booking up now, with some properties renting for $40,000 per week to families already taken.

“One thing about Byron Bay it’s got soul, there’s a sense of community” said Dunn.