McGrath - Brad Rogan Byron Bay Homefront Newsletter Dec 2021

BYRON BAY 2021 MARKET REPORT A EDITION

BRAD ROGAN

Byron Bay house prices have jumped 17.1% over the last 6 months, totalling 51.08% for 2021.

The last 6 months has seen harsher Covid-19 lockdowns imposed across Australia. This has led to our property market experiencing even tighter stock levels and therefore, increased competition against buyers. As a result, the median house price across Byron Bay has grown to $2,850,000 (2021).

A combination of limited supply (down 32%),

surging demand and sustained record low interest rates, has continued the upward pressure on prices creating perfect selling conditions. The RBA have maintained its record low cash rate (0.1%), however there is discussion of potential interest rate adjustments in 2022.

With our region still being the number one holiday destination, early 2022 is a great time to sell. If you are considering a sale in 2022, now is the time to start discussions. I look forward to a confidential chat.

Brad Rogan Byron Bay specialist bradrogan@mcgrath.com.au 0420 529 112

Recent sales in Byron Bay No

Address

Bed

Bath

Car

Size

Price

1

3/60 Lawson Street

3

2

1

104sqm

$2,900,000

2

14/7 Cavvanbah Street

3

2

2

158sqm

$3,500,000

3

18 Shirley Street

5

4

2

1,453sqm

$3,000,000

4

18/21-25 Cemetry Road

4

2

2

254sqm

$1,365,000

5

39 Lilli Pilli Drive

6

4

4

240sqm

$3,100,000

6

100 Old Bangalow Road

4

3

12

7.33ha

$13,000,000

7

1/34 Cavvanbah Street

3

2

1

86sqm

$2,440,000

8

58 Sunrise Boulevard

4

2

2

600sqm

$1,650,000

9

7 Coolalie Place

3

2

2

2,038sqm

$2,839,000

10

76 Butler Street

6

4

4

736sqm

$4,275,000

11

35 Kingsley Street

3

2

2

219sqm

$5,000,000

12

105 Paterson Street

3

1

2

630sqm

$2,950,000

13

5 Cavvanbah Street

5

2

2

610sqm

$6,000,000

14

62 Kingsley Lane

3

2

1

400sqm

$3,500,000

15

26 Ruskin Street

6

5

4

687sqm

$4,375,000

16

8 Pacific Drive

5

3

6

660sqm

$5,600,000

17

34 Marvell Lane

4

2

2

419sqm

$4,250,000

18

40 Brownell Drive

3

2

3

545sqm

$12,400,000

19

62 Paterson Street

4

1

1

968sqm

$3,081,000

20

4/1-3 Sunrise Boulevard

2

1

1

95sqm

$865,000

21

48 Jacaranda Drive

3

1

1

450sqm

$1,300,000

22

4 Palm Valley Drive

4

4

5

792sqm

$14,000,000

23

58 Massinger Street

3

2

1

684sqm

$3,550,000

24

1 Jacaranda Drive

4

2

2

650sqm

$1,310,000

25

64 Paterson Street

4

2

4

974m2

$3,450,000 Source: RP Data

Recent sales in Byron Bay No 1

Address 912 Example Street

Bed

Bath

Car

Date

4

3

3

1 Jan

2

1 Jan

3

1 Jan

4

1 Jan

5

1 Jan

6

1 Jan

7

1 Jan

8

1 Jan

9

1 Jan

10

1 Jan

11

1 Jan

12

1 Jan

13

1 Jan

14

1 Jan

15

1 Jan

16

1 Jan

17

1 Jan

18

1 Jan

19

1 Jan

20

1 Jan

21

1 Jan

22

1 Jan

23

1 Jan

24

1 Jan

25

1 Jan

Price

Source: RP Data

A selection of my recent sales

1/34 Cavvanbah St, Byron Bay Sold $2.4m

14/7 Cavvanbah St, Byron Bay Sold $3.5m

6 Barby Crescent, Bangalow Sold $1.85m

88 Balemo Dr, Ocean Shores Sold $1.45m

3/174 Fowlers Ln, Bangalow Sold $2.89m

3/1 Bindaree W, Ocean Shores Sold $890k

Client testimonials “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. The team worked very hard, were very enthusiastic, and we will engage them again and recommend him highly.”

N King - vendor

“Brad sets the bar very high for Professionalism, Communication, Strategy, Negotiation and Service. He is a man true to his word and is someone I would trust time and time again. Brad certainly earned his keep and is a true asset to any sale. He was nothing short of exceptional and we could not have asked for more from an agent.”

C Chang - vendor

“Brad was excellent from the moment he pitched me on the sale. I met with every major agent in the area. It was clear from his preparation that he knew the market better than anyone and had by far done more transactions than the other agents.

He gave very focussed and tight pricing guidance and achieved on it bang on. Communicated exceptionally well throughout even despite the fact that I was overseas for most of the sale process. If I am buying or selling, Brad's my go-to agent.””

“Brad Rogan was the right agent for us. We were really surprised at the level of communication and detail that was shared with us through the marketing campaign. It was thorough and timely, and at no point did we feel nervous or out of the loop. When it came to the sale, we know Brad found the right and best buyer for our property, it all went so smoothly, and he negotiated what we believe is the best price possible in the market , in fact he exceeded our expectations. We couldn’t be happier with the outcome and experience of working with Brad.”

R Patel - vendor

L & A Chapman - vendors