BYRON BAY EOY REPORT A EDITION
BRAD ROGAN
2022 was action packed in the real-estate space! We started with record growth that peaked in April, resulting in Byron being the nation’s most expensive, major housing market. We then experienced a number of impactful events that had continued softening affects on our market for the remainder of the year. This resulted in the median house price easing from around $2.9m at its peak, to $2.3m by the end of 2022, a drop of around 20%.
So, what now for 2023? There are 2 major opinions on the market direction: 1. Despite further rate rises predicted, the property values have reached the natural saturation point and will now move sideways throughout the year, or 2, with further rate rises on the horizon, we will see continued easing in prices with the potential for stressed sales to take place until we reach our market low. We expect that the strongest activity for the year to be in the first quarter of 2023. Brad Rogan Byron Bay & Ewingsdale specialist bradrogan@mcgrath.com.au 0420 529 112
Recent sales in Byron Bay No
Address
Bed
Bath
Car
Size
Price
1
24/33-35 Childe Street
2
2
1
147sqm
$1,795,000
2
1/17 Mahogany Drive
3
1
1
157sqm
$1,075,000
3
2/5 Cemetery Road
3
2
1
691sqm
$1,390,000
4
1 Dylan Lane
3
2
2
505sqm
$2,950,000
5
5 Pandanus Place
3
2
2
582sqm
$6,500,000
6
24 Brigantine Street
0
0
8
1,000sqm
$3,025,000
7
15 Julian Rocks Drive
3
2
2
716sqm
$1,700,000
8
75 Bangalow Road
4
3
2
594sqm
$1,800,000
9
38A Cowper Street
3
2
1
923sqm
$3,800,000
10
20 Kendall Street
0
0
0
916sqm
$7,100,000
11
46 Melaleuca Drive
5
6
10+
1.17ha
$4,375,000
12
7/3 Beachcomber Drive
3
1
1
153sqm
$1,115,000
13
10/21-25 Cemetery Road
3
1
1
670sqm
$1,120,000
14
3/11 Carlyle Street
3
3
1
165sqm
$1,650,000
15
14/116-118 Jonson Street
3
3
2
201sqm
$3,050,000
16
101 Bangalow Road
3
1
2
1,037sqm
Not Disclosed
17
2/39 Lawson Street
2
1
1
134sqm
$1,385,000
18
7 Kendall Street
4
4
4
623sqm
$6,300,000
19
3/7 Keats Street
4
2
2
236sqm
$1,800,000
20
1/50 Paterson Street
2
2
2
312sqm
$1,511,000
21
44 Bangalow Road
3
3
2
803sqm
$1,600,000
22
18 Scott Street
5
4
4
962sqm
Not Disclosed
23
5/11 Constellation Close
3
2
2
148sqm
$1,610,000
24
24/9 Easy Street
1
1
0
58sqm
$760,000
Source: RP Data
A selection of my recent sales
10 Figtree Court, Ewingsdale Sold $3.9m
55 Bay Vista Lane, Ewingsdale Sold $5m
27 Rankin Drive, Bangalow Sold $1.692m
4/9 Easy Street, Byron Bay Sold $1.005m
59 Carlyle Lane, Byron Bay Sold $1.9m
Site 7, 42 Bilin Road, Myocum Sold $1m
Client testimonials “Brad and the wider McGrath Team were a huge support throughout our sale process. Brad's communication with all parties was amazing and he worked tirelessly to negotiate the best possible deal. Brad has an in depth understanding of the market which allowed him to provide us with pragmatic commercial advice which he delivered in calm and professional manner. We would definitely recommend Brad to anyone thinking of listing their property.” B & K Redden - vendors
“We sold our high-end Byron Hinterland property with Brad Rogan, and we cannot speak highly enough about the professionalism, support, pre-sale preparation, styling consulting, marketing, and expert negotiation skills in reaching an excellent sale price in good time. Brad's team worked very hard, were very enthusiastic, and we will engage them again and recommend them highly.” N King - vendor
“Clear communication, strategy and local Byron Bay market knowledge was used to achieve a great result for my family home. From the marketing through to the negotiation of the final result, everything exceeded my expectations. Thank you Brad for your hard work, I can’t recommend you highly enough!” B Dalley - vendor
“Brad has been amazing during the very trying sale of my property. Always well-presented and organised, nothing was ever an issue and his communication throughout made the whole process less stressful. Brad has come into the real estate market with a fresh new energy that really appealed to me when looking for an agent. When you sell with Brad, you feel like you have the only house on the market at that time which I found really comforting. Thank you Brad” K Basso - vendor