Echo Property Magazine #4 – November 2023

Page 1

Inside this issue:

Taking a look south is not just about price – page 6 Byron Shire’s new 60-day STRA cap – page 12

Discover hidden gems of the NSW North Coast THE NORTHERN RIVERS’ BEST REAL ESTATE GUIDE 24,700 copies distributed to homes and businesses across the region Issue #4, November 2023 • www.echo.net.au/property


byronshirerealestate.com.au

FO

R

SA

LE

T LL C A E C N SP I TO

Boundary lines are approximate

36 Chinamans Hill Rd, Middle Pocket 5 Escape the hustle and bustle of city life and embrace the tranquillity of your very own slice of paradise. Nestled on a secluded acre, this remarkable property offers not one, but TWO charming houses and a cosy cabin, (all fully council-approved) providing an array of possibilities for your ideal lifestyle. Privacy, space, and natural beauty await you here!

2

Price $2,500,000 Land 1 acre Todd Buckland 0408 966 421 Gary Brazenor 0423 777 237

14 Murumba Close, Ocean Shores Positioned at the end of an elevated cul-desac 50m above sea level, sits this stunning family home. Complete with guest accommodation and ensuite downstairs, and a thoughtful, passive solar design. Built with premium features including a bespoke timber kitchen, polished hardwood floors, cathederal ceilings and two large decks to relax and entertain on.

4

4

3

2

Price $1,245,000 Land 787m² Gary Brazenor 0423 777 237 Todd Buckland 0408 966 421

15A Weeronga Way, Ocean Shores 3 Introducing a contemporary beach house spread across three levels, offering captivating views of the Pacific Ocean, Byron Bay, and the scenic hinterland. The entry-level boasts a modern kitchen, dining, and living areas that seamlessly flow onto a 28 sqm enclosed deck. The multilevel layout lends iself to possible dual living and income.

1

Price guide $1,050,000 to $1,150,000 Land 697 m² Todd Buckland 0408 966 421 Gary Brazenor 0423 777 237

632 Huonbrook Road, Huonbrook Set in 150 acres of rainforest, this secluded property is nestled between two national parks in the Byron hinterland offering peace, privacy and stunning natural beauty. With an architecturally designed, craftsman-built home that makes wonderful use of mixed hardwood timbers and maximises the northeast aspect, breezes and natural light.

2

4

1

2

Price $1,750,000 Land 150 acres Gary Brazenor 0423 777 237 Todd Buckland 0408 966 421


WE’LL GET

YOU MOVING

with your chance to win

no marketing fee. no commission fee. List and exchange your property with Elders Lifestyle Group before January 30, 2024 and you’ll go in the draw to win back your marketing and commission fee! BOOK YOUR COMPLIMENTARY APPRAISAL VIA THE QR CODE

T&C apply TP / 02932

Lifestyle Group


‘AVENEL’ 187 BURRINGBAR ROAD, BURRINGBAR NSW

4-BED 4-BATH 2-CAR 39.59HA

A SLICE OF PARADISE ‘Avenel’ set on 39.59ha (approx. 97.5 acres) is a truly magnificent country estate, with Burringbar Creek meandering through this countryside. Combining the best of both worlds, the timeless charm of a historic property and the modern amenities that cater to contemporary living. The property also offers a resort style experience with an in-ground pool that is picture perfect, a sauna for relaxation and a range of design details that add to the overall ambience. Perfect for equestrian pursuits boasting top tier equestrian facilities, including a state-of-the art, full-sized covered dressage arena with Clopf surfacing, providing an attractive option for horse enthusiasts. In addition this property is also suitable for many rural pursuits including cattle grazing, making it a great choice for those interested in livestock farming or simply wanting the perfect lifestyle property.

79B WALTERS ROAD, UPPER ORARA (COFFS HARBOUR) NSW

5-BED 4-BATH 3-CAR 21.8HA

‘Simply the Best’ - A LUXURIOUS ESTATE IN UPPER ORARA VALLEY An unparalleled luxury estate with a sealed road nestled on 21.8 hectares (approx 54 acres) of pristine land in the enchanting Upper Orara Valley (Coffs Harbour). This prestige property redefines opulence and offers three distinct private quarters, making it the epitome of luxury living. Equestrian facilities for horse lovers, ensuring both you and your four-legged companions have the best amenities. Resort-sized swimming pool and gym, perfect for relaxation and exercise. The eclectic mix of international components is a result of its well-travelled owner, renowned architect Trevor Jamison and local builder Frank Maione. This collaboration of minds intended for the property to be built as a work of art, reflective of a lifestyle that mirrored and echoed the Australian culture and ethos, and one that could be appreciated by generations to come.

121 FRASERS ROAD, MULLUMBIMBY CREEK

3-BED 3-BATH 1-CAR 2.48HA

ON A CLEAR DAY YOU CAN SEE FOREVER. This 2.48 hectare parcel of land (approximately 6.10 acres) offers breathtaking views of the valley, mountains, and the ocean, stretching from Brunswick Heads to Broken Head, with Mount Chincogan gracing the Byron Hinterland. Mullumbimby’s identity as the ‘Biggest Little Town in Australia’, is tied to its strong community focus on lifestyle, holistic health, organic food culture and care for the environment. Its reputation attracts international visitors to enjoy its diverse shopping, food, entertainment and alternative ambience. Once the home of one of Australia’s Rock n Roll pioneers, well-known local identity Brian Perkins, a founding member of Australia’s first boy band, The Delltones. The home has a rich history, hosting memorable dinners and parties for some of the world’s elite and well-known entertainers and musicians in a creative atmosphere. This property enjoys the ultimate relaxed environment.

PRICE FOR ALL PROPERTIES – Contact Agent Janis Perkins – 0438 841 122 • janis@reodbyron.com.au 9/15 – 19 Fletcher Street (entrance Lawson Street), Byron Bay. Ph: 6680 8588 Shop3/29 – Broadway Burringbar. Ph: 6677 1699

www.reodbyron.com.au


NO SALES. JUST PROPERTY MANAGEMENT. Experts in managing long and short-term rentals across Byron Shire.

Honey Bee Homes is a boutique aged care model offering a small home environment. Located in the Northern Rivers, Jo and Grescha have created a living space intimate enough for everyone to feel like it is their own home, and not a facility.

CALL TODAY FOR AN OBLIGATION FREE APPRAISAL

It is aged care truly reimagined. With a ratio of one carer to three residents, your loved one will experience personalised care at its best from a small experienced team they know and trust. They don’t define residents by their disease but offer a nurturing environment so residents are able to feel safe and secure. HCP and NDIS approved providers. To chat further please contact:

enquiries@honeybeehomes.com.au or 02 8088 0773

www.honeybeehomes.com.au

byroncoastalrealestate.com.au

byronbayaccom.net

02 6680 8111 | 1/27 Fletcher Street Byron Bay

LAND SELLING NOW $1.2M - $1.5M

Registered Lots - Large homesites - Private river frontage - North facing - Hinterland vistas - 15 minutes to Byron Bay

Contact

JAMES ELLIOTT 0425 204 171

www.echo.net.au/property

November 2023 Echo Property Magazine 5


Echo Property Magazine

Taking a look south is not just about price Simon Haslam

Demand for prime coastal properties in Byron Shire remains strong, but it’s expensive. Even properties close to the beach in the lowest price bracket, the $1–$3m range, which have been more sensitive to the recent interest rate environment, are still above the price point of many buyers. Should you look further south? All coastal towns experienced the recent boom in prices, but there are many reasons to take a look south. A key reason to look south of Byron for coastal real estate is price, as the attached table shows. While some of the price difference comes from differences in housing stock (see agents’ comments below), in terms of block size, house size, position and proximity to views and the beach, there’s often more ‘bang for your buck’. While you may not be close to as many upscale restaurants as in the Byron Shire, the recent highway upgrades means entertainment, airports and amenities are more accessible from the south than they were before. Plus, there are a lot of positives too, as our southern agents were quick to point out.

COASTAL SUBURB

3 BDRM HOUSE

4BDRM HOUSE

Byron Bay Suffolk Park Ocean Shores Lennox Head East Ballina Evans Head Yamba Ballina Iluka

$1,610 $1,350 $1,018

$2,200 $1,750 $1,350

$1,288 $1,000 $872 $810 $780 $770

$1,500 $1,375 * $1,083 $1,020 *

Median house sale prices (thousands) calculated based on sales during the last 12 months. *Insufficient data. Source: domain.com.au

6 Echo Property Magazine November 2023

www.echo.net.au/property


Echo Property Magazine

Lennox Head and Skennars Head As you head south from Suffolk Park, assuming you don’t have the finances to buy in the Chris Hemsworth zone, the next town is Lennox Head. It’s got waves, it’s close to Byron (where the median age is 39), it’s got some great restaurants and businesses and shares some of the Byron vibe. The median age is 42, and its southern-adjacent suburb is Skennars Head, across from Sharpes Beach. Jodie Mitchell from Jodie Mitchell Properties says that, in addition to getting ‘more property for your dollar’ in Lennox, the locals who have relocated there ‘treasure the strong sense of community. For investors, this can translate to less transient tenants, as there tends to be a longer-term outlook. The town was built on the holiday homes of farmers from further west, like Lismore. In fact the surf life saving club is the Lennox Head Alstonville Surf Life Saving Club, showing its roots to that community. While it still is a holiday destination, it has less rentals, and less holiday houses, than Byron. A lot of younger people have built in the new Epiq estate,’ she says, ‘and while the town has boomed, I think there’s still potential for more capital growth, as it’s just adjacent to Byron, and there’s a bit more space in the surf!’.

Ballina Ballina has a lot of different neighbourhoods near the water: East Ballina above Angels Beach, Shelly Beach, Shaws Bay near Lighthouse Beach and the north wall of the river; Ballina Island including the CBD; and West Ballina on the river with canals. It’s got the Big Prawn, a burgeoning restaurant and café scene, and it’s a great place for fishing and surfing. Its median age is 53, but its demographics are changing.

Daniel Brown from First National Wal Murray says, ‘Byron’s median house price is $2.32m, whereas it’s $860,000 in Ballina, so you can buy two medianprice houses and a unit if you sold a Byron house! In the next 5-10 years it’s predicted that Ballina’s population will grow considerably, with most of the new development happening opposite Sharpes Beach and in Ballina Heights at the moment. ‘East Ballina is the most sought-after area, for its sheer proximity to the coast. Its house prices are more expensive, but still great value, and there is a variety of housing stock. In the last year there were 214 houses and 127 units sold – there are a lot of units in Ballina, with some big complexes within walking distance of the beach. The variety of options is good for first homeowners looking to get into the market, as prices have softened after the Covid-related boom. ‘Ballina Island has a lot of character with older timber-style homes. Some of the larger blocks are being subdivided, or homes on large blocks are being split up for units. Another popular choice is manufactured homes in gated communities with great facilities like swimming pools. Along with units in complexes, which often have lifts rather than stairs, these provide a great option for downsizers as they have virtually no maintenance. ‘Despite rental prices being lower than Byron, the rental yield is often higher due to the lower house prices and the strong rental demand. After all, Ballina is a terrific place to live and a great place to raise a family. The fishing is great, you can see dolphins and whales, it has family-friendly swimming areas and the waterslides. And with new restaurants such as Capiche overlooking Lighthouse Beach, Kelp serving fresh seafood, along with the many friendly cafes, it reflects a changing demographic.’ continued on next page

Pictured is Lennox Head – photo Kathleen Banks / Unsplash www.echo.net.au/property

November 2023 Echo Property Magazine 7


Echo Property Magazine

Taking a look south is not just about price Evans Head

continued from previous page

from southerlies – it’s like Wategos with no crowds!

Evans Head

‘A lot of Byronites have purchased down here because with a river running out to the sea, with multiple beaches where it hits the sea, you can almost always find a beach out of the wind that’s safe and family-friendly. There’s a hilly area on the south side of the river, with larger contemporary houses with views, and headland walks past the lighthouse, which go down to blowholes with pretty places to explore, where I used to play as a kid. Snapper Rocks is a place where Malibu riders find great waves.

Evans Head, a 45-minute drive from Byron, is where the Evans River meets the sea between the Broadwater National Park to the north and the Bundjalung National Park to the south. Evans (median age 49) is a small town with surf beaches, a sandy estuary and headland. The town’s economy is based on tourism, mostly catering to visitors from the surrounding area, sugar cane, dairying, and it still has a fishing fleet. Brody Aleckson is a third-generation local from Elders Evans Head, and says, ‘Evans Head still has that small-town village feel to it, and as a community it feels like you can walk down the street and know a large percentage of the population. It still feels “local” in Evans,’ he says. ‘We still have an influx of holidaymakers over Christmas and Easter, but as many of them are from within an hour’s drive, they have an affiliation. We are still surrounded by national parks and have untouched beaches – there are small beaches past Goanna Headland that you can pretty much have to yourself. There are pretty walks through the Dirawong, and Half Tide Rock Beach is protected

8 Echo Property Magazine November 2023

‘In a second area of flat sandy soil around the CBD, often in walking distance to the beach across the dunes, there’s still a lot of old fisherman-shack style houses, with a scattering of new builds. Airforce Beach still has 4WD access to the beach, a rare thing along the coast, and that little precinct has seen the most significant recent new builds. There’s a lot more houses than units in Evans Head, reflecting its past. ‘We have 1,500 houses, of which about 10% are holiday properties. Long-term Evans Head is a good investment proposition, because of its natural beauty and exclusiveness as it’s surrounded by national parks. Whilst this restricts the expansion of the town, it is gold long-term. We’ve been through the same

sort of boom as all coastal towns. I was sorry to hear about the fate of the Brunswick Heads fishing coop, in Evans there are plans to enhance the fishing coop, perhaps with a microbrewery and restaurant on the water, as we still have an active trawler giving seafood to the coop, which is a good potential drawcard. 20 years ago there wasn’t much to offer in Evans Head, but now there’s only a couple of vacant shops. With the highway upgrade, it’s now possible to work, or play weeknight sport, in Byron, while living somewhere that’s very attractive and local.’

Iluka Within the Northern Rivers region lies the Clarence Valley with the largest river on Australia’s east coast, the Clarence River and at its mouth, on the north bank looking across the river to Yamba, sits the idyllic fishing village of Iluka. Iluka (median age 62) is surrounded by vast expanses of beautiful beaches and World Heritage-listed rainforest, including one of the last remaining littoral rainforest areas in the Southern Hemisphere. Nick Potente of LJ Hooker Iluka says the town has always been a quiet fishing village, viewed by some as ‘the little sister’ to Yamba – which has seen recent development, cafes and nightlife www.echo.net.au/property


Echo Property Magazine

Yamba – photo Resi Kling / Unsplash

Iluka – photo LJ Hooker Iluka

– ‘which doesn’t suit everyone, particularly those seeking a more relaxed way of life,’ he says.

Yamba

‘Iluka still has the soul of the classic coastal town; it’s small, with like-minded people who appreciate a natural, low-key kind of life – you can get a park and have a surf with hardly anyone around. Although the old pub has been torn down, it’s still in the same family and there’s a temporary structure in place from which you can see the brand-new pub being built. It’s expected to be finished by the end of 2024.

On the opposite side of the mouth of the Clarence River to Iluka is Yamba (median age 57), a very popular holiday destination that, in addition to the river, boasts five beautiful beaches, including an ocean pool. Yamba is also close to some great national parks, there’s ample opportunity for water activities, there’s a growing dining scene and the local prawn trawlers and the fishing fleet keep the town supplied with fresh seafood, such as Yamba prawns, regarded by locals as the best around.

‘Because the town is bordered by river, ocean and national parks, there’s nowhere to go for overdevelopment. A lot of people realise that it won’t be a mini-Yamba, it’s the sort of town that your kids can ride around. There’s a lot of industry locally, especially in trades, but if you don’t have to be office-adjacent full time, you can work in Byron or Ballina and get there in 45 mins to an hour a couple of days a week, and many people find that a good work-life balance. ‘The people in Iluka tend to buy to live, and stay here a long time, so there are a lot of original, olderstyle properties, along with riverfront and bayfront properties which are more stylish, and there’s a new land release with brand-new builds. If you like the lifestyle, you’ll be able to find a property in Iluka that will suit your taste.’ www.echo.net.au/property

Brandon Bourke from Raine & Horne Yamba says that, ‘particularly over the last five to eight years, in the minds of people actively looking for a coastal life from Noosa to Coffs Harbour, Yamba is right at the top of their list in terms of favourable prices, and value for money in terms of size of home and block.’ ‘Whether it’s a standard residential home, or waterfront property, you get far better value for money in Yamba compared to other towns all up and down the coast. It’s also attractive to purchasers because it’s long been a tourist hotspot, with worldclass surf breaks which are known to the world surfing community, spread across about eight beaches, with some spots which are only tackled by elite surfers. ‘The fishing here is second to none,’ he says,

‘because we’re at a delta and the body of water is so large. We’re at the bottom end of the range, but you can catch some of the tropical fish species in the river, and the temperate climate is one of the best the world has to offer, perfect for those with health conditions or who love outdoor activities, either on the water or in the bush. The town is near two national parks, and has a well-equipped infrastructure including schools, hospitals, and the cafe and restaurant scene is going strong. ‘People buying here can live a very good lifestyle with all the amenities they want and have a better location, with better views. The geography means that there’s a lot of flat land, which attracts a lot of wildlife, with fertile soil for macadamias and orchards for stone fruit and vegetables. You can even lead a bush lifestyle in the nearby Ashby ranges, about 20-30 minutes to the beach, with lifestyle blocks and beautiful views for $1–$2m, which is very exceptional compared to the Byron hinterland. ‘While Yamba has experienced a boom, with a doubling of property prices, there has only been a modest recent correction, and now I believe modest gains this financial year will be seen by most local property owners. Time on market has pushed out since the peak of 2019, of course, to around 50 days on market, but prices are similar even though it’s taking longer to sell a property.’ November 2023 Echo Property Magazine 9


The TheTrig Trigon onMount MountArthur Arthur

Award-Winning Award-WinningEco EcoAccommodation Accommodation and andFamily FamilyHome Home Tasmania, Australia Tasmania, Australia

345 Mountain Road, Lilydale TAS 7268 345 Mountain Road, Lilydale TAS 7268 This off-grid productive property includes 3 tourism accommodations (with locations forfor more) and a main residence. This off-grid productive property includes 3 tourism accommodations (with locations more) and a main residence. Nestled in the picturesque North East region of of Tasmania, The Trig is aistruly unique 45-acre property offering anan Nestled in the picturesque North East region Tasmania, The Trig a truly unique 45-acre property offering exceptional blend of natural beauty and sustainable living. This stunning property comprises approximately 2525 acres ofof exceptional blend of natural beauty and sustainable living. This stunning property comprises approximately acres pristine bushland and 20 20 acres of pasture, providing anan ideal balance of of serenity and productivity. Located only 2020 pristine bushland and acres of pasture, providing ideal balance serenity and productivity. Located only minutes from Launceston, thethe property offers as as well as as excellent income, convenience and accessibility toto the region. minutes from Launceston, property offers well excellent income, convenience and accessibility the region. From its its elevated position, it offers breathtaking panoramic views spanning from the Western Tiers toto the Tamar River, From elevated position, it offers breathtaking panoramic views spanning from the Western Tiers the Tamar River, including Ninth Island and West Sandy Cape. including Ninth Island and West Sandy Cape.

livingherelaunceston.com.au - 7735404 livingherelaunceston.com.au - 7735404 https://thetrig.com.au https://thetrig.com.au Living Here Launceston | Thomas Baird 0400 247 272 | 03 6332 3500 | 25 Invermay Road,Invermay Invermay Living Here Launceston | Thomas Baird 0400 247 272 | 03 6332 3500 | 25 Invermay Road,


6 Boronia Place, Byron Bay NSW

For Sale $3,950,000 An opportunity of growth for current food business Food production facility Large cool rooms Certified organic kitchen Packing rooms Storage areas Very low maintenance solid steel contruction Tenanted offices upstairs Fully furnished managers residence New 40kw solar system, fencing and gate 21 Parking bays Current gross income $270,000 per annum For further information contact Antonio Mercuri 0434 629 521 antonio@gvpropertygroup.com www.gvpropertygroup.com

0411 757 425 tim@millerrealestate.com.au millerrealestate.com.au

51 TRISTANIA STREET, BANGALOW

Price Guide: $1,300,000 - $1,400,000

3

2

2

668m2

- A beautiful, peaceful home located in a quiet, country setting - North-facing living, dining and outdoor entertaining areas - Set back from the street with established gardens and hedging providing complete privacy

www.echo.net.au/property

November 2023 Echo Property Magazine 11


Echo Property Magazine

Byron Shire’s new 60-day cap on non-hosted holiday rental properties Aslan Shand

Many cities overseas have introduced strict regulations to protect local housing supply, including outright bans...

The Independent Planning Commission (IPC) recommendation that Byron Shire has a 60-day cap on non-hosted, full property rentals has been brought in by the NSW government and will come into full effect on 26 September 2024. This gives the market and investment property owners a year to prepare before the new rules take effect. The whole of Byron Shire will be under this cap apart from some high tourism areas in Byron Bay and Brunswick Heads close to beaches and services.

CT

Dr Crommelin highlights that ‘many cities overseas have introduced strict regulations to protect local housing supply, including outright bans on commercial-style short-term rentals. For example, New York has just introduced new regulations that effectively prohibit “unhosted” short-term rental listings, meaning listings are only allowed if the host is also living in the property. In comparison, the approach across Australia has been relatively permissive and hands-off’.

AN G CT

GA RA

CT

NEW BRIGHTON

RIV

S IDE CR ER

HARBO UR WAY

RRY PDE NEW B E

MON A

PA ND

CT ANUS

LANE

FAW CET VETE RAN

ST

NANA

GALL EON

HA

IDE

E

TEVE N

ST

ST

ES

PL

AN AD

ST

ST

ST

UN BR

S

W

IC

K

E TC

LANE

ST

NELS ON

LANE

MINY ON

ST

E TC

AN JU

EY A NL ST TH E

T LANE

TWEE D

BYRO N

ST

RING LANE SHORT

‘The impacts of restrictions on STRA in relation to Berlin’s housing crisis were striking,’ said Professor Jeffery Lewis, former Research Dean at RMIT. ‘According to Bloomberg, “In 2016 alone, 2,500 apartments in Berlin were put back on the rental market following the ban”.’

CH RD

PARK ST

LANE

BO OYU N ST SHAP COT

LANE

BO WER

LANE

ST

SLES SOR

SOUTH BEA

CUDGEN

ST

BALU N

FINGAL

T ST

S LANE

IMBI ST

SO UTH BEACH

MULL UMB

E

M AN

CA

IN

FR ED

ST

CT

L CR

PACIFIC OCEAN CH ILD E

H

OLD PACIFIC HWY

DO

N

G

IA

ST

O

UR

OOD CL W

COAC

ST

ST

E B VD

N PL JACA R

PALM

PL

BO RDER

ST

K EN DA

A

N D A DR

LL

ST

CYPRE SS C T

MA

RI

NE

E PD

BROW

INGA

RD

BOO NDO

LD

H

Following the announcement of the 60-day cap, Dr Laura Crommelin, Senior Lecturer in City Planning at UNSW said that ‘while short-term rentals may not solely be to blame for current pressures… it’s important for regulators to consider and manage the impact of short-term letting on rental markets’.

G AH W

A

RA JA

ON C R

Many locals have highlighted the impact that non-hosted, full-house short-term holiday accommodation (STHA) rentals are having on the local housing supply. However, STHA platforms like Stayz, A Perfect Stay, and Airbnb have fought against the implementation of any restrictions on non-hosted holiday letting in Byron Shire. They have stated that it is an issue of lack of housing infrastructure and investment that has led to the current tight housing market and that the restrictions would not impact the amount of housing in the long-term rental market.

PA

JU

N LIA

NEL L

PL

DR

LM

VA

PACIFIC OCEAN LLE

Y

DR

BYRON BAY

CAV

VAN

BAH

CA VV AN

LAN E

BA

H ST

DE N

ST

BRUNSWICK HEADS

ST

BAY

ER IN

T RS

EEN

LAN E

ST

ST

MID

N LAN E SO PAT ER

ER ST E ST

ST

CAR LYL

SLE

PL

SLE

RUS KIN

RUS KIN BRO

ST

EVANS

TEN

KING

KING

WNI

NG

CAR LYL

Y ST

Y LAN

E LAN E

E

ST

LAN

E

ST

S EAV

IEW

COM

ST

RD

ING

L ST

E

ER

RD

K E ESING LA NE

A

L LAN

CO WP

H ST W O RT

MAR VEL

NYS

A PL

W O RDS

KIN G SF O

PACIFIC T

ONS MEG ST A

NA

OO SH

ST

CR

KIPL MAR VEL

LITT LE BUR

ST

T

ELM

RS

RTH

CC

P

NE

ST

ST

TWO

TORA KIN

RE

DAN IELS

AU RA

IN

ELSIOR CCT XC

SK

WEN

MO

SON

ON ST

BUR NS GOR DON

E

YEMLOT CT

ST

JONS

R D

T

LY CA

NE

LAW

DLE

SC

EU

LA

M ERS ET

GIL

SING

NE

BUTLER ST

LA

R MA

S PL

OCEAN WAY

S TU

SOM

DR

E

ST

RTH

LAT

ST

ET

PA TTERS ON

BIN ST LUM

RDS LANE

SO

C

A

RA C

O

D CT

S COT T ST

B UT TP

MACK L

BE R D OM R HC

L CT

ST

GULGA N

ER

CT

‘There is a much bigger discussion to be had around how broader housing policies, like negative gearing, capital gains discounts and a lack of social housing construction, have led us to the situation we’re in right now,' Dr Crommelin says.

VIS TA DR EY CT

OSPR

R CT

RAYWA

TA

RD

AS

OP

GE

ME

BE

AY ST

OODG ROO E GDNS

O

CE

AN

ST

ER

SE

CO

YA

CE

Byron Shire short-term rental accommodation area maps for Brunswick Heads and Byron Bay showing the areas where short term holiday lets are permitted all year highlighted in pink.

FIC PIP

CT

BLU EBE RRY

E RD

E RD

ND SA

ELLAR

TI-TRE

‘While addressing the shortage of housing stock in the private rental market is necessary to help address the rental housing crisis, housing policy experts also say strengthening protections for renters and building more social housing is critical.

CI

MACK

OAKLAN

‘Short-term letting is simply another way housing can be monetised by those who already have access to it, making the challenges even greater for those who don’t.

DR

ER RD

PA

WRIGH T PL

A CK

‘There are those who have housing equity and can grow their wealth through property and those who don’t and whose chance of acquiring it is drifting further away,’ Dr Crommelin says.

Y

T ST

EBIN PARK

PILLI DR

BL

More broadly, Dr Crommelin says the rise of short-term letting is symptomatic of a growing divide in Australia along the lines of housing equity. Short-term letting platforms contribute to financially-driven attitudes towards housing, where the property is viewed foremost as a money-making asset rather than a place for someone to live.

L LE

PAT MOT

12 Echo Property Magazine November 2023 CUMB

CT LUAN

‘The return of non-hosted short-term rental properties to permanent residency is only one part of helping to address housing supply and affordability issues in the Byron Shire, as noted by the Independent Planning Commission.’

E ST

SH

GA LOW

K ER

TS ST

WAL

KEA

BAN

NNERS HOOT

‘Byron Shire’s housing pressures are different to other NSW locations, with the percentage of short-term rentals exceeding that of similar destinations,’ said NSW Minister for Planning and Public Spaces, Paul Scully at the time of the announcement.

ST

RA CL ELECT

WOL

As part of the 60-day cap introduction, the NSW government has also sought commitments from the Byron Shire Council to supply 4,500 houses in the shire by 2041.

N

CL

CL ION AT ELL NST CO

LILLI

HT HO US

ST

LAN

FLE T CHE

FO

BAY

MAS

ST

LAN E

ST

TON

SH

ON

WAY

O N ST

BA BAYS IDE

MIL TO N

DRY

LIG

SHIR LEY SHIR LEY

BYR

Increase in housing

CT

www.echo.net.au/property


Property Business Directory

Buying & Developing Property?

PROPERTY STAGING

We offer sound advice to property buyers and those looking to develop. Our advice includes providing you with the potential for development opportunities, restrictions on title, pre-purchase inspections, facilitating design & approval processes, managing construction contractors to completion. Affiliated with Castrikum Adams Legal, our businesses undertake the complete suite of property transactions, along with construction and development project management. Complex property matters, conveyancing, easements, construction contracts, progress claims, completion inspections, we are there for you.

styling for sale call us for a free quote on 0432 574 321

cactushillproject.com.au home@cactushillproject.com.au

Contact Craig Adams, Project Manager / Director

0411 575 991

craig@cacm.net.au

caconstructionmanagement.com.au

• Conveyancing (NSW & QLD) • Property • Leases • Estates & Probate • Wills

Jess Riddell – local for 20+ years 0428 773 416 jess@jhmobilelawyers.com.au

jhmobilelawyers.com.au

Our services are • Conveyancing NSW and QLD – competitive fixed prices! • Complex Property Matters • Sale & Purchase of Business • Retirement Village Contracts • Leasing • Options

P: 02 6687 0548 | F: 02 6678 0352 Suite 2/5 Lismore Rd, Bangalow NSW 2479 hello@bangalowconveyancing.com.au www.bangalowconveyancing.com.au

BUYING and SELLING REAL ESTATE?

We are here to help

“A house is made of bricks and beams. A home is made of hopes and dreams.”

NP CONVEYANCING PHONE 6685 7436 FOR A QUOTE PERSONALISED APPOINTMENTS IN BYRON BAY NOW

NPC

NOW OPERATING OUT OF CENTRAL OFFICE IN POTTSVILLE

Lic No 06000098 www.echo.net.au/property

November 2023 Echo Property Magazine 13


Property Business Directory PAUL PRIOR SALES

0418 324 297 paulprior@byronbayfn.com Professional and results driven with extensive knowledge. Servicing the Byron Shire and beyond. Call Paul for an appointment today. WWW.BYRONBAYFN.COM.AU

Tara took the hard work out of selling our home and kept us informed every step of the way. We got a fantastic result in an amazingly short time and we couldn’t be happier.

2022 - No #1 SALES AGENT 2023 - No #2 SALES AGENT

TARA TORKKOLA - SALES

for First National Australia Wide

SHARON McINNES

SU REYNOLDS

0408 659 649 sharon@byronbayfn.com

INTERNATIONAL MULTI MEDIA SELLING AGENT

0423 519 698 | tara@byronbayfn.com @taratorkkolafirstnational

SALES

DIRECTOR/SALES - CHIEF CULTURAL OFFICER

@taratorkkola_realestate WWW.BYRONBAYFN.COM.AU

0428 888 660 sreynolds@byronbayfn.com www.byronbayfn.com.au

BOOK NOW!

Echo Property Magazine is a monthly magazine, inserted and distributed with all 24,500 copies of The Echo, on the first Wednesday of each month. Echo Property offers the best value and most effective reach for property advertisers in the region. Spanning the Byron, Ballina, Lismore and Tweed shires, The Echo has the largest circulation by far. Advertising properties for sale across the Northern Rivers, Echo Property Magazine offers a go-to real estate guide for readers each month. It will also feature on The Echo’s highly trafficked website www.echo.net.au as a digital magazine which will include hyperlinks to your website. The Echo online averages 137,500 unique visitors monthly!

14 Echo Property Magazine November 2023

ISSUE #5 OUT WEDNESDAY 6 DECEMBER BOOKING DEADLINE: Midday Friday 17 November COPY DEADLINE: Midday Tuesday 21 November

Inside this

issue:

Taking a look south is not just about price – page 6 The 60-day STHL cap – page 12

THE NORTH

ERN RIVERS

24,700 cop ies dist

ributed to

Issue #4, Nov

’ BEST REA

homes and

ember 2023

Discover hidden gem s of the NSW North Coast L ESTATE GU

businesses

• www.ech

IDE

ADVERTISING ENQUIRIES: adcopy@echo.net.au 02 6684 1777

across the regi

o.net.au/pro pert

y

on

www.echo.net.au/property


Property Business Directory Call today for an obligaaon free chat

BYRON BAY AGENT OF THE YEAR Damien Smith Sales Director Ray White Byron Bay damien.smith@raywhite.com | 0418 123 393 www.rwbyronbay.com

PREMIUM SALES RESULTS IN A CHANGING MARKET

BRYCE & RACHEL CAMERON 0412 057 672

LOOKING TO SELL? LOOKING TO RENT? WE DO BOTH!

Peter Browning 02 6685 0177 rentals@ljhbrunswickheads.com Save yourself thousands, call the expert property management team.

CONTACT ME TODAY

0411 757 425 millerrealestate.com.au

Investment Management Team LJ Hooker Brunswick Heads

justin@schmith.com.au www.schmith.com.au @schmithrealty

ljhooker.com.au

Echo Property Magazine is proudly produced by

Edition #4, November 2023 • The Byron Shire Echo, issue 38.21 Cover photo: Evans Head Echo sales team: Crystal Appo, Kim Beaver, Anna Coelho, Lesley Hannaford, Katie Thompson Advertising enquiries: adcopy@echo.net.au or 02 6684 1777 Echo Property Magazine is distributed with the first issue of The Byron Shire Echo published each month.

www.echo.net.au/property

This publication is printed on responsibly sourced paper stock.

www.echo.net.au © 2023 Echo Publications Pty Ltd ABN 86 004 000 239 64 McGoughans Lane, Mullumbimby NSW 2482 The Echo acknowledges the people of the Bundjalung nation as the traditional custodians of this land and extends respect to elders past, present and future.

November 2023 Echo Property Magazine 15


Bisque are designers and importers of fine furniture, lighting and homewares. In addition our Bangalow store and Byron showroom, we have just opened a new warehouse with a huge range of furniture, lighting, homewares and outdoor products. We are also offering a complete interior design and styling service. We can arrange full project management, sourcing builders, materials and a full client consultation service. We are also providing furniture rental and styling service for home sales, where we use our classic Bisque luxe range to bring your property to the next level. All pieces are also available wholesale. See our comprehensive range at www.bisquetraders.com.au 3-4/60 Centennial Circuit, Byron Industrial Estate Phone: 0434 691 949 | Monday–Friday 11am to 4pm bangalowbisque@gmail.com | Insta: @bisque_ | www.bisquetraders.com.au


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.