News

Market on the move

SUPER SELLER: Byron Bay First National’s Su Reynolds recently sold this Baywood Chase property in just five days.
SUPER SELLER: Byron Bay First National’s Su Reynolds recently sold this Baywood Chase property in just five days. Digby Hildreth

IT'S been a tough couple of years for the real estate market, but recent promising sales in the Byron Shire have shown the market is recovering.

Agents shire-wide agree the market is improving - as evidenced by the recent sale of one Baywood Chase house in just five days.

Principal of First National Byron Bay, Chris Hanley, said sales for his office for August had been the strongest in a long time.

"The public has decided to ignore the doom and gloom in Europe and are realising that economically, Australia is in a pretty good position," he said.

"While the past four-and-a-half years have been tough and challenging, the Byron Bay market is pretty resilient, but we certainly have suffered some loss of values.

"It's the low to middle end of the market which is from $400,000 to say $1.5 million that is selling. If a property is fairly priced, well presented and has the right agent marketing it, then it will sell."

First National sales consultant Su Reynolds set a recent record by finding a buyer for a Baywood Chase property in just five days.

"This was unbelievably quick, especially considering we are supposed to be in a so-called slow market," the owner said.

"Not only did we sell the house in a just a few short days, but for a price we were more than happy with."

The vendor, a long-time Byron Bay resident and retiree who wishes to remain anonymous, said he and his wife were thrilled with the service they received from Su.

Ray White Byron Bay principal David Gordon said while the market was improving, people still needed to be cautiously optimistic.

"I don't foresee any major rises in the market on the horizon. What we have now, well, that is the market," he said. "I would be saying to people, why wait?

"Those people thinking of selling need to make sure it's listed with an agent who's constantly turning over properties and making sales."

And it's not just properties in Byron Bay that are selling.

Brunswick Heads real estate veteran Russell Siwicki agreed the market had seen more activity and interest in the past few months.

"I believe people who were holding back on selling are now saying it's time to sell, and many people have also jumped out of the share market and back into real estate," Mr Siwicki said.

Tod Martin, a partner in Byron Shire Real Estate at Brunswick Heads, said vendors were being more realistic with their prices.


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Migaloo the albino whale spotted at Byron Bay

Migaloo spotted off Byron Bay on July 27, 2016.

Quick: Get out the binoculars. He's coming.

Parents' worst nightmare: Daughter, 6, could be deported

The family of six-year-old Lennox Head girl Sienna Tippett have applied for Immigration Minister Peter Dutton to intervene so she doesn't get deported for having an undiagnosed mystery illness.

A Northern Rivers family has started the fight of their life.

Migaloo: The last five years

Migaloo pictured off Fraser Island in 2011. Photo: Alistair Brightman / Fraser Coast Chronicle

Famed albino humpback whale has made its journey north past Byron

Latest deals and offers

Was this band expelled from Splendour for nudity?

Melbourne bar owner says he saw UK rock band Fat White Family being escorted out of the backstage area

Migaloo the albino whale spotted at Byron Bay

Migaloo spotted off Byron Bay on July 27, 2016.

Quick: Get out the binoculars. He's coming.

Parents' worst nightmare: Daughter, 6, could be deported

The family of six-year-old Lennox Head girl Sienna Tippett have applied for Immigration Minister Peter Dutton to intervene so she doesn't get deported for having an undiagnosed mystery illness.

A Northern Rivers family has started the fight of their life.

Migaloo: The last five years

Migaloo pictured off Fraser Island in 2011. Photo: Alistair Brightman / Fraser Coast Chronicle

Famed albino humpback whale has made its journey north past Byron

Police thank community after wanted offender located

Police are appealing to the public to find Aaron Scriven.

Police thank public for their help

Run helps shine a light on cancer

ABOVE: Byron Lighthouse Run supports Crackin' Cancer and the North Coast Cancer Institute.

This year the Byron Lighthouse Run is turning 10

Splendour found The Cure

Robert Smith at the Splendour in the Grass Amphitheatre stage during The Cure's show.

Day two of Splendour in the Grass

Shannen Doherty shaves hair during cancer battle

Shannen Doherty has completely shaved off her hair

Brian McFadden makes daughters pay for own Christmas gifts

McFadden makes his daughters pay for half their presents

Lady Gaga is a godmother

Lady Gaga has become a godmother to her friends' daughter

Will Turbo be taken off TV?

Memes about Turbo are flowing on Social media.

PEOPLE want Turbo taken off TV, but will Prospero Productions the ma

Police charge in after Lohan claims fiance tried to kill her

"You tried to kill me. You're a f*****g psycho".

You can own this Queensland town for just $1

Yelarbon

Unprecedented auction of town's business centre with no reserve

Work starts on $15M Caloundra apartment building

Turning the first sod at the Aqua View Apartments site in Kings Beach are (from left) husband-and-wife developers Alex Yuan and Stella Sun with construction company Tomkins director Mike Tomkins and Councillor Tim Dwyer.

Developers excited about addition to Kings Beach skyline

Plans revealed for 1500-lot 'master-planned community'

Precinct will be bounded by Boundary St and Shoesmith Rd

Ecco Ripley sales run sparks prime release

MOVING IN: Sekisui House has announced the release of more residential blocks at Ecco Ripley.

Sekisui House is preparing to unveil more land at Ecco Ripley

Massive residential 9-storey high-rise hit by delays

An artist’s impression of the eight-storey-high apartment complex that Bernoth Holdings wants to build in South Toowoomba, next to the City Golf Club.

Developer struggles to get approved high-rise development started