Ensure you never miss an issue of the
real estate business bulletin
'Best quarter ever' for luxury Byron office

'Best quarter ever' for luxury Byron office

by Reporter 0 comments

Steven Cross

Reports of luxury sales in northern NSW have proven the prestige market has finally made a turn around in the region.

Speaking with Real Estate Business, company director and property sales at Unique Estates Nicolette van Wijngaarden said it had been the busiest her Byron Bay office has ever been.

“We’ve definitely had the best quarter we’ve ever had since we started the business four and a half years ago,” she said.

“I wouldn’t say it’s setting the world on fire yet but I’d certainly say it’s been a lot better than it has been. There are a lot more genuine buyers in the market.”

With a median house price of $700,000, the luxury market in Byron has historically been quite flat. But it all began to turn around late last year, according to Ms van Wijngaarden.

“I think there were a lot of people sitting on their hands waiting to see what would happen locally, nationally and globally, and now feel it’s a good time to buy," she said.

“In the sub-$1 million market, activity picked up from August to September. However, we specialise in the over $1.5 to $2 million market, which started picking up a month later.

“Since then we’ve had six sales in four weeks between $2 and $3.5 million.”

Agent at Raine & Horne Byron Bay Janis Perkins agrees that the luxury market has been flourishing.

“The top end of the market in Byron is definitely on the up, with momentum building and the market having its best quarter in the past few years," she said.

“We’re finding that a lot of our buyers in this price range love the fact Byron isn’t mainstream, and now after some years of flat growth, buyers are surging back into the township to relocate from interstate or overseas, or to buy a Byron holiday home.”

le>.b-autolinks{text-decoration:underline}.b-autolinkshadowbox { display: inline; position: relative; cursor: pointer; color: #428bca;} .b-autolinkshadowbox:hover > span { display: block !important; } .b-autolinkshadowbox__links { white-space: nowrap; z-index: 999; display: none; left: 0; border: 1px solid #bfbfbf; border-radius: 5px; font-size: 12px; top: 12px;color: #000; padding: 10px; position: absolute; background-color: #FFF; box-shadow: 0px 0px 20px 1px #bfbfbf; } .b-autolinkshadowbox__links > a { display: block; padding: 3px 0; }
'Best quarter ever' for luxury Byron office
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
The difference between an average agent and one who dominates

McGrath Crows Nest’s Peter Chauncy is number 10 in this year’s REB Top 100 Agents ranking. Peter, however, is more likely not surprised ...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?