Brad Rogan - Byron Bay Report

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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


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