Domain Prestige - October 18, 2023

18 OCTOBER / 2023

PRESTIGE THE BEST IN AUSTRALIAN PROPERTY

HINTERLAND HEAVEN See a dif ferent side of Byron

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Nashua Byron Shire 151 Burnetts Road $4.85 million-$5.25 million J OSE PHIN E H U YN H

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Private sale Agent: McGrath Byron Bay, Nick Dunn 0448 301 111 Beautiful Byron Bay; a mecca of sand, sun and serenity. It’s long been a top

Boasting 32 hectares of productive macadamia

attraction for property moguls looking for the ultimate respite and a holiday

farmland bordering Skinners Creek, Yandilla Farm

year-round, holding its position as the most expensive regional LGA in the

captures views of the Nightcap Range, St Helena

country, with a median house price of $1.423 million, on Domain data. The

and Richmond Hill. The renovated Queenslander

special town, located on the far-north coast of NSW, beckons with its

is a 10-minute drive from Bangalow and features

pristine beaches, world-class festivals and vibrant community spirit, but its

multiple living spaces, including a fabulous

magic echoes beyond to the hinterland region. In this week’s Byron Bay

al fresco zone with outdoor kitchen overlooking

special edition, the experts debate which is better: buying in town or the

the pool. It also has a separate studio.

hinterland? We also chat to locals about what they love most about Byron and unpack what their council’s newly approved cap on some short-stay rentals means for investors. If, like me, it’s been too long since your last visit, turn to Design Digest, where you can shop a piece of Byron for your home.

O U R COVE R 20 Fig Tree Lane, Myocum Listed by McGrath Byron Bay PAG E 6

Editor: Josephine Huynh Editorial producer: Hailey Coules Group picture editor: Kylie Thomson Senior designer: Colleen Chin Quan Graphic designer: Emma Drake National magazine editor: Natalie Mortimer Associate editor: Jemimah Clegg Group content director: Mark Roppolo Chief marketing officer: Rebecca Darley Chief executive officer: Jason Pellegrino Residential sales: Queensland Amanda Vaughan 0413 370 004 New South Wales Joe Pinneri 0408 694 223 Victoria, Western Australia, South Australia, Northern Territory & Tasmania Ray van Veenendaal 0438 279 870 New development sales: Ivan Curic 0413 498 156 Media sales: Sam Hill 0438 348 998 Contact: editorial@domain.com.au

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HOT PROPERTY

DESIGN DIGEST Made in Byron Bay

FEATURE STORY The hinterland v the coast

LIVING IN All about the lifestyle

THE PROPERTY INVESTOR Changes to short-stay rentals

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Tallebudgera Gold Coast 22 Kooringal Court 5

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Expressions of interest: Close 5pm, October 23 Agent: PRD Real Estate Burleigh Heads, John Fischer 0478 071 623 With a three-bedroom main residence, a two-bedroom guest house, a separate home office and a pool with a poolhouse, this as-new property presents plenty of opportunity, from holiday accommodation to multigenerational living. The high-end finishes include oak floors, a concrete island bench and sheer drapery, while vaulted ceilings add drama upstairs.

Federal

Palm Beach

Byron Shire 107 Bates Road

Sydney 68 Iluka Road

$4.7 million-$5.2 million

$20 million

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Private sale

Expressions of interest: Close 5pm, October 26

Agent: First National Byron, Denzil Lloyd 0481 864 049

Agent: Ray White Prestige,

Set on 12 hectares in the Federal hinterland, this private sanctuary is

Noel Nicholson 0411 884 290

designed to make the most of its north-easterly outlook. There are separate

A top-to-toe renovation has just been completed

pavilions for the living areas, bedrooms, guest suites and media room, and

on Paralla, a 1940s home claiming a prime spot in

vast decks wrapping a central infinity pool – plenty of space to gather.

one of Palm Beach’s most tightly held enclaves.

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DESIGN DIGEST

Local legends These Byron Bay icons encapsulate the region’s coastal allure, merging beachside beauty with modern design. C o m p i l e d b y PAU LIN E M O RRIS SE Y TAKE-HOME TREASURE Nestled on the shores of Wategos beach, the boutique hotel and restaurant Raes on Wategos personifies Byron Bay’s luxury. This local icon also offers shoppable pieces through brand collaborations and unique artworks via its artist-in-residence initiative. raes.com.au

BASK IN THE SUN As summer beckons, Tigmi, renowned for its curated global gems and exclusive in-house creations, shifts its focus to its latest outdoor collection. Tailored for al fresco moments, it welcomes the Tigmi Sun Lounge, inspired by the loungers of 1960s Cote d’Azur. tigmitrading.com

DAZZLING DISPLAY

FOR THE DREAMER Evoking the sunlit charm of Byron Bay, Sarah Ellison

Marz Designs’ ever-

Lull Upholstered Bed, distinguished by its dreamy, curvaceous silhouette

evolving lighting range

and the velvet shade of Sandon burnt butter. sarahellison.com.au

embodies radiant ’70s vibes. Its newest Lull Bedroom Edit showcases the

mirrors Byron’s raw, elemental charm, as seen in its latest Aurelia Collection. Its freshly renovated showroom and atelier beckon visitors for a tactile journey, celebrating the union of artisan craftsmanship and industrial artistry. marzdesigns.com

AARON CHAPMAN

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FEATURE STORY

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n the enchanting landscapes of the Byron region, a magnetic allure tempts affluent buyers with the choice of two distinct realms. Here, the murmur of the ocean waves intertwines with the serene whisper of the hinterland breezes, each with its coveted charisma and concealed treasures.

The coastline is graced not merely by the famed Byron Bay but also by stunning seaside suburbs like Brunswick Heads to the north and Lennox Head to the south.

Offering a harmonious counterpoint, the hinterland unveils captivating townships like Bangalow, Myocum and Mullumbimby, surrounded by lush green expanses and a unique atmosphere that contrasts yet complements the coast.

Elders Real Estate Lennox Head licensee Nick Bordin, a connoisseur of the coast, offers his perspective on the eternal charm of oceanside living, highlighting the incomparable value of ocean vistas.

“Generally speaking, the better the ocean view, the closer you are to the water, enriching the

A magical place, from coast to hinterland The Byron region abounds in natural beauty, and its allure has never been stronger. Nor have its property prices.

B y PAU LIN E M O RRIS SE Y

daily life of coastal dwellers,” Bordin says. “Such views not only uplift spirits but also enhance property value, even without making home improvements, ensuring less risk of overcapitalising – and who doesn’t dream of waking up to the sight and sound of the ocean?

Currently, Bordin is leading the sales campaign for 44-52 Blue Seas Parade, a 3.4-hectare gem in Lennox Head’s coastal crown with sweeping views up and down the

coastline and a price guide of $20 million-plus.

He says people moving here are seeking easy access to the beach and amenities.

“If you can walk to these things, it’s a huge value, especially when parking becomes more difficult as peak season crowds flood in,” he says. “Even during the post-tourist season, locals bask in the renewed calm of these villages by taking leisurely walks to their favourite cafes, restaurants and services.”

Myocum Byron Shire 20 Fig Tree Lane $8 million

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Private sale Agent: McGrath Byron Bay, Will Phillips 0488 508 111

Las Palmas at 20 Fig Tree Lane, Myocum, above; 280 Picadilly Hill Road, Coopers Shoot, top right; 4b Kingsley Lane, Byron Bay, above right.

Byron Bay Meanwhile, the hinterland exhibits a spectacular natural display of a different variety. McGrath Byron Bay principal Will Phillips says it has an exquisite enticement.

“The hinterland cradles its residents in unparalleled privacy, offering seclusion that is both luxuriously private and profoundly grounding,” he says. “The properties here – picturesque and perpetually evolving with the seasons – command views that traverse sprawling landscapes and bask in the colourful show of mountain sunsets.”

Phillips is at the helm of the campaign for Las Palmas at 20 Fig Tree Lane, Myocum.

Set over two hectares, this modernist midcentury marvel exemplifies architectural finesse and is offered to the market with an $8 million price guide.

“The hinterland is home to these sprawling estates that translate into limitless possibilities – a second dwelling, wellness spaces, or perhaps recreational amenities like a pool or tennis court,” Phillips says. “Acreage living also provides home owners with the possibility of

embracing agricultural endeavours, or owning livestock and other animals, should they wish.”

Byron property has not been not exempt from recent price dips, but the region’s high-end demand remains steadfast. Byron Bay has a median house price of $1.875 million, with prestige sales such as 19 Marine Parade fetching $23 million in February, and at 1-3 Don Street having expectations of around $33.65 million.

Median house prices in key hinterland hamlets such as Mullumbimby sit at $975,000. Though modest relative to its coastal counterparts, record sales are similarly staggering, such as the monumental $37 million sale of The Range in Coopers Shoot in April.

Currently, 280 Picadilly Hill Road is on the market within this prized enclave, a hinterland haven with a price guide of $3 million.

Ultimately, the beauty of the Byron region is mirrored in the splendours of both the coast and hinterland. Choosing between the two is less about sacrifice and more about choosing a primary jewel, while the other remains a beautiful journey away.

Byron Shire 4b 4 Kingsley Lane $4.6 million-$4.8 million

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Expressions of interest Agent: First National Byron, Luke Elwin 0421 375 635

Coopers Shoot Byron Shire 280 Picadilly Hill Road $3 million

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Auction: 5pm, October 30 Agent: NSW Sotheby’s International Realty, James McCowan 0418 800 400

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Experience JURA, Noosa’s newest collection of artfully crafted 2 and 3 bedroom townhomes and residences.

79-83 Eumundi Noosa Road, Noosaville Queensland Nestled within the heart of Noosa, Capital Prudential unveils a new dimension of coastal living where the very concept of ‘home’ is redefined.

Conveniently located a short distance from Noosa’s main street and just a stone’s throw away from the Noosa River. Relax and unwind in your very own private sanctuary, where you can choose between 2 or 3 bedroom townhomes or residences with courtyards and balconies, all with open plan living areas that effortlessly blend into the dining and kitchen spaces. These artfully crafted townhomes and residences prioritise creating a sense of space, light, and airiness, while capturing the essence of the local Noosa surrounds.

Experience the allure of JURA today and embark on a journey that celebrates the true essence of home.

Enquire now

juranoosa.com.au Proudly developed by Jeremy Gilmore 0418 943 787 jgilmore@360propertygroup.com.au

*Artist impression

NOW SELLING

*Artist impression

LIVING IN

28.6419° S, 153.6105° E

BYRON BAY DESTINATION NSW

No matter how much stress you have, Byron will always greet you by saying, “Cheer up, slow down, chill out.” B y PAU LIN E M O RRIS SE Y Byron Bay has ascended to such heights of

YOU MAY LIKE ...

Byron Bay

“This eclectic crowd only enriches the town,”

fame the town has cultivated its own distinct

Annesley adds. “It translates into a vibrant

Byron Shire 41 Marine Parade

identity. So distinctive, in fact, that when

cultural scene, upscale dining options, and

$40 million

describing something as “so Byron”, the vibe is

wellness retreats, further catering to the

immediately recognised.

discerning crowd.”

A-list celebrities have been known to grace its shores, while its streets have witnessed the rise

The art of slowing down

of renowned restaurants and popular fashion

Jason Grant is typical of the multifaceted

and homeware brands.

creatives that call Byron home. As an interior

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Yet, strip away these newfound influences, and

designer, stylist and author, his affection for the

Byron Bay’s heart still beats to the rhythm of its

town shines through in his work, from the Blue

natural wonders – cradled by the bush, kissed by

Water Motel in Kingscliff to his latest book, Force

the ocean, and serenaded by the hinterlands.

of Nature.

The cost of coastal perfection

Raes or Pixie [or] shopping at Tigmi or East Coast

The real estate scene has witnessed formidable

General,” Grant says. “But for me, it’s about

growth, with the town’s median house price

nature; sunrise strolls at the lighthouse, visits to

growing 47 per cent over the past five years, on

The Pass and Wategos beaches. In fact, to truly

Forthcoming auction

Domain data. Even as prices waver along the

grasp the origins of Byron’s real magic, everyone

Agent: NSW Sotheby’s International Realty,

coast, Byron’s prestige market remains relentless.

should do the Explore Byron Bay Indigenous

James McCowan 0418 800 400 and

“Byron is a magnet for affluent buyers, drawn to

walking tour with Delta Kay, a well-respected

David Medina 0419 772 233

Arakwal elder.”

A rare gem on the prestigious Marine Parade, this

its luxurious homes, captivating ocean views, privacy and proximity to pristine beaches,” says

“There’s so much to cherish here, be it dining at

Having called Byron home for six years, Grant’s

Byron Bay Real Estate Agency director Liam

life motto personifies the welcoming signpost

Annesley, who recently managed the $5.3 million

that has long greeted every visitor to town:

sale of a Hamptons-style home near the beach.

“Cheer up, slow down, chill out.”

beachfront property with tropical gardens and a pool sits opposite Wategos beach.

“Living here has taught me the art of slowing

Byron Bay is cradled by

artists, wellness gurus, eco-warriors and

down, working smarter, not harder, and using

the bush, kissed by the

Hover your camera over the

ambitious entrepreneurs, all drawn by its promise

nature as my muse,” he says. “Moving here was

ocean, and serenaded

code to see Domain listings

of a laid-back lifestyle amid natural beauty.

the best decision I’ve ever made.”

by the hinterlands.

in Byron Bay

Annesley portrays Byron as a melting pot of

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80 Sugarloaf Crescent Castlecrag 4 BED 4 BATH 2 CAR A one-of-a-kind modern masterpiece, ‘The Seed House’ is a distinctly spectacular residence set on a unique 5,161sqm waterfront reserve block cascading to Figtree Cove and basking in magical bush views sweeping to Sugarloaf Bay.

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Open As advertised online

Michael Coombs 0407 980 443

Auction 11th November

John Melville 0409 368 541

michaelcoombs@atlas.com.au

johnmelville@atlas.com.au

THE PROPERTY INVESTOR

Sun shines despite Byron rental caps The Byron Shire short-term rental changes may spook investors at first glance, but the experts say it’s far from doom and gloom.

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Investors in areas with strong holiday accommodation are now going to be allowed to rent out properties for up to 365 days.

n Byron Bay’s spectacular coastline, controversy may be rolling in with the tides, but most investors see only golden days of sunshine and calm waters ahead.

Debate has been raging over the Byron Shire Council’s decision – now approved by the NSW government – to cap some short-stay rentals at 60 days, down from 180, and its impact on those buying property in the area.

“But many investors buy holiday homes in the areas that are now going to be exempted from all caps,” says Janelle Montano, owner of shortstay management firm Your Luxury Escape.

“In the beachfront locations, like Lawson Street fronting main beach, and a number of streets back, where it’s all holiday accommodation, they’re now going to be allowed to rent out properties for up to 365 days. It’s only in [areas] where it’s mostly residential where the new cap will operate.”

Besides, most investors buy with the intention of eventually retiring to Byron, she says, and therefore only tend to want to rent their homes out at odd times to cover some of their expenses

when they, their family and their friends won’t be using them. The new reduced 60-day cap will probably still be plenty for them.

As summer approaches, that sangfroid attitude to the new measures, designed to persuade some to put their short-stay houses and apartments

“It’s only in ... mostly residential (areas) where the new cap will operate.” back into the long-term residential rental market because of the critical shortage of rentals in the area, remains surprisingly chill.

“This may reduce the weekly rents paid in the long-term rental market, but it depends on whether the owners of properties in the 60-day cap area will shift their property to long-term

rental,” says Matt Lewison, chief executive of property investment advisors OpenCorp.

“Some, or many, of them may still make more money renting at a daily rate for 60 nights a year versus the long-term rental market. They would just be more selective about which dates they offer the properties for short-term rental.”

Property prices in the area continue to be high, with the house median in Byron Bay sitting at $1.875 million and the apartment median at $1.51 million, so it tends only to be the wealthier end of the market who invest there anyway.

And it’s certainly not going to put any of those buyers off, predicts Liam Annesley of Byron Bay Real Estate Agency.

“It hasn’t taken the shine off Byron at all,” he says. “Most people investing here tend to be rich-listers who are buying for an escape … and holiday letting was never a big part of their plans. For those who want to raise some money … they’ve still got 60 days, so they can still earn some money in the peak period, but most want to use the homes themselves.”

Su Reynolds, director of Byron Bay First National, agrees. “Holiday investors buy property here primarily for their own use and the income is secondary,” she says.

“With the tightening of supply of holiday properties for rent, I believe tariffs will increase and owners will still be able to achieve a decent income. It’s likely that the prices of properties in the areas zoned for year-round holiday letting will increase, too.”

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14 ST GEORGES ROAD TOORAK

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Expressions of Interest Close 11 November at 3pm Viewing

By Appointment

Contact Ross Savas Jamie Mi Andrew Sahhar

KAYBURTON.COM.AU

0418 322 994 0450 125 355 0417 363 358

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231 KOOYONG ROAD TOORAK

A4 B4 C4 14 P R E S T I G E

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Expressions of Interest Close 31 October at 5pm Viewing Wednesday & Saturday 11-11:30am

Contact Ross Savas Jamie Mi Rae Mano

KAYBURTON.COM.AU

0418 322 994 0450 125 355 0413 768 163

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Byron Bay Masterpiece 19 Brownell Drive, Byron Bay -

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Positioned in the exclusive enclave of Wategos A show-stopping sanctuary of architectural brilliance at every turn Breathtaking ocean and hinterland views, 150m to Wategos pristine beach The perfect luxurious escape for those who love the beach Meticulously crafted with generous proportions and high-end finishes Offered to the market for the first time, this is your chance to secure a new master-built home

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For Sale Expressions of Interest Closes 30th October Agent

Liam Annesley 0417 780 795

View

Contact Agent

02 6685 7300 www.byronbayrealestateagency.com.au PR E ST IGE

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2 6 M C A N A L LY D R I V E , S U N S H I N E B E A C H Bright blue like a cloudless sky, Azure is a multi-

even from day beds, which seemingly float on the

award-winner on a global scale by avant garde

dazzling viridescent, mosaic-tiled infinity pool. Think

designer Chris Clout. Reach for 5-stars and more

immeasurable spaces in sunny white and of course

with explosive 180-degree views sweeping the Coral

blue, endless Italian Carrara marble floors and walls of

Sea from Noosa National Park along the coastline

glass which disappear in an extraordinary fashion to

to Mooloolaba and beyond. Inspired by nature,

coalesce naturally with the white marble pool terrace.

specifically a prized sand dune, the inspired residence embraces the idyllic sub-tropical vernacular as well as living la vida luxe with unsurpassed views

offermann.com.au 20 P R E S T I G E

Auction Saturday 4 November 11am

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Agent Tom Offermann 0412 711 888 tom@offermann.com.au

Agent Rebekah Offermann 0413 044 241 rebekah@offermann.com.au

NOOSA’S HOME OF PRESTIGE PROPERTY

222 Esplanade West, Port Melbourne 4 A

3 B

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Architectural innovation forms visual harmony between indoors and out within this meticulously designed, four-bedroom masterpiece, combining city-edge living with still tranquillity. Comprising multiple living spaces, a guest house/studio with an ensuite, a double remote garage, and a roof terrace with city views.

Private Sale

Viewing Thursday 11-11.30am & Saturday 2.15-2.45pm Contact Oliver Bruce 0409 856 599 Justin Holod 0411 669 161 Melissa Baile 0499 322 389

marshallwhite.com.au PR E ST IGE

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NEW RELEASE

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MOUNT GEORGE 289 RANGEVIEW DRIVE 'RANGEVIEW' Rare Luxury & Extraordinary Lifestyle – One of the Adelaide Hills Finest Estates Dramatic 360-Degree Views - Stunning 9.5ha - Heated Pool - Modern Family Entertainer

A meticulous feat of master-built distinction with the highest calibre of uniquely crafted luxury, the ultimate lifestyle escape built to embrace its rare & exclusive elevation. Unbeatable location in World acclaimed Adelaide Hills,15mins to Adelaide City, 25 mins to International airport, adj Stirling Golf Course. Rangeview is an experience unrivalled anywhere.

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EXPRESSIONS OF INTEREST Closing Monday 23rd October @12 noon USP Open By Private Appointment or Call Dee-Anne For Virtual Inspection

Dee-Anne Hunt 0411 555 774 Hunt Lifestyle PTY LTD RLA 277644

Williams Real Estate

RLA 247163

See demand for your home Download the app

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williamsproperty.com.au

22 Kooringal Court, Tallebudgera, Gold Coast QLD

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Embrace bold, bespoke living with an architectural showstopper that was built to stand out from the crowd. As-new and immersed within 1.3 acres (5,337m²) of lush greenery, this modern marvel showcases light-filled interiors within a dramatic exterior. Built to a high standard, quality finishes shine throughout the double-storey main residence. A gourmet kitchen with acclaimed appliances, a solid concrete island bench and butler’s pantry takes centre stage downstairs, nestled beneath 3m ceilings. Sprawling living and dining zones surround it and are softened by beautiful sheer drapery and oak flooring. Peace and privacy are paramount, with two separate wings hosting three bedrooms.

Dedicated staircases lead to each, with the deluxe master suite capped by a stunning vaulted ceiling and overlooking enticing pool and garden views via the full-height picture window. An elegant ensuite with dual vanity, bidet and supersized triple shower accompanies it, along with a walk-in robe.

Expressions of Interest Closes 23rd October at 5pm

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John Fischer & Shelley Watkins 0478 071 623 | 0474 141 551

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Rare Offering 2 Bronte Marine Drive, Bronte

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Occupying a substantial 600.1sqm parcel directly opposite the sand and surf, this coming-tomarket landmark building of 5 apartments represents one of the most significant Bronte offerings in years.

auction

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Saturday, 11th November 2023 On site at 12.00pm

• Currently fully tenanted with strong rental return, endless opportunity to recreate/rebuild* • Ideal to be left rented out for DA process with five spacious apartments hosting mixed layouts • No strata; all on one title allows for a redesign, dual street access with parking for four cars • Steps to Bronte Park, buzzing cafés/juice bar, Bronte Baths and famous coastal walk close by

view

By pre-qualified private appointment

• Retain as a premier investment/land bank or demolish and convert into a beachfront home* • Opportunities*; dual occupancies, subdivision/construction of two iconic homes • Plans from architect Alec Tzannes for new residential flat building delicately crafted into site* *(STCA)

contact

William Manning Mackenzie Dale

0409 385 815 0429 142 802