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Byron Bay suburb profile

Byron Bay is a renowned coastal town in New South Wales, celebrated for its stunning beaches, vibrant arts scene, and laid-back lifestyle. Known for its iconic Cape Byron Lighthouse, the easternmost point of mainland Australia, the town attracts surfers, nature lovers, and tourists from around the globe. Byron Bay offers a unique blend of natural beauty and cultural richness, with a thriving community of artists, musicians, and wellness enthusiasts. The town's eclectic mix of boutique shops, cafes, and markets, along with its commitment to sustainability and local produce, make it a beloved destination for visitors and residents alike.

Byron Bay property market performance

Current median dwelling price$1,937,500Past 3 months

Property growth+9.4%Past 12 months

Byron Bay’s property market has experienced significant growth over the past 12 months. House values have increased by 13.6%, with the median house price reaching $2.61 million. Units have also seen a 12.5% rise, bringing the median unit price to $1.32 million, indicating strong demand across both property types.

Sales activity in the past year saw 38 houses and 12 units sold. However, properties are taking longer to sell, with houses on the market for a median of 77 days and units for 79 days, pointing to a slower market pace.

In the rental market, house rents increased significantly by 12.9% over the last year, with an average rent of $1298. Unit rents grew more modestly at 2.6%, averaging $800, highlighting strong demand for rental houses in Byron Bay.

HousesUnits
Median price
Past 3 months
$2.67M$1.20M
Change in value
Past 12 months
12.5%6.3%
Sold
Past 3 months
3413
Median days on market
Past 12 months
7766
Average rent
Past 12 months
$1300$845
Change in rent
Past 12 months
9.4%7.0%

5 year median price trend for houses and units

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Byron Bay demographics

Byron Bay, a renowned coastal town in New South Wales, is celebrated for its stunning beaches, vibrant arts scene, and laid-back lifestyle. With a population of 6,330, Byron Bay attracts a diverse mix of residents, including families, artists, and those seeking a relaxed yet culturally rich environment. The median age of 39 suggests a balanced community of both young families and older residents who appreciate the town's unique blend of natural beauty and cultural vibrancy.

The housing landscape in Byron Bay is varied, with a significant portion of properties being owned outright, accounting for 36.8% of the total. This reflects a stable community with long-term residents who have invested in the area. Meanwhile, 21.1% of properties are owned with a mortgage, and 42.1% are rented, indicating a healthy mix of ownership and rental opportunities that cater to different lifestyle preferences.

Family dynamics in Byron Bay are diverse, with couple families without children making up 51.9% of the family households, while couple families with children account for 31.6%. One-parent families represent 15.5% of the community, showcasing a supportive environment for various family structures. The town's appeal is further enhanced by its thriving local economy, driven by tourism, creative industries, and a strong sense of community, making Byron Bay a desirable location for those seeking a harmonious blend of work, leisure, and natural beauty.

Suburbs near Byron Bay

Some popular suburbs near Byron Bay include:

  • Suffolk Park: Known for its relaxed beachside vibe and family-friendly atmosphere, Suffolk Park is located just south of Byron Bay.
  • Ewingsdale: Offering a rural lifestyle with large properties and scenic views, Ewingsdale is situated to the northwest of Byron Bay.
  • Coopers Shoot: Known for its rolling hills and panoramic vistas, Coopers Shoot lies to the southwest of Byron Bay.
  • Bangalow: Featuring a charming village atmosphere with heritage buildings and markets, Bangalow is located to the west of Byron Bay.
  • Coorabell: Known for its lush landscapes and artistic community, Coorabell is situated to the west of Byron Bay.

How does Byron Bay compare to nearby suburbs?

  • Median house prices: Byron Bay’s median house price is 39.0% higher than Suffolk Park’s.
  • House price growth: Over the past 12 months, house prices in Byron Bay have grown 15.1% higher than in Suffolk Park.
  • Unit price growth: Property prices in nearby Suffolk Park have risen 9.5% more than in Byron Bay over the past year.
  • Selling speed for houses: Properties in Byron Bay are selling 49.0% faster than in Ewingsdale.
  • Selling speed for units: Properties in nearby Suffolk Park are selling 34.8% faster than in Byron Bay.

Choose the right real estate agents in Byron Bay

There are 54 real estate agents in Byron Bay, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 34.6% of all sales in the past year.

Commission rates in Byron Bay typically range from 1.88% to 3.25%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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