One of the last remaining beachfront plots in Byron Bay, set to sell 40% more than the one acquired a year ago, with uninterrupted sea views.
822 sqm parcel on Kendall Street Opposite Belongil Beach, there is a $ 4.2 million price guide. This block is the last unsold parcel on the 1.62ha site consisting of 11 lots.
This list comes when Byron Bay experiences an unprecedented real estate boom caused by the influx of buyers from Sydney and Melbourne.
Overwhelming demand combined with inventory shortages have made the selling prices of blocks of land around 30 Kendal Street incredible over the past year.
CoreLogic records that 916 square meters of parcels sold for only $ 2.8 million on 20 Kendall Street before the pandemic and the February 2020 boom, at $ 3056 per square meter, and 32 Kendall Street at that time about $ 2.5 million. May have been sold at.
In August, a 751 sqm parcel on 36 Kendal Street sold for $ 2.225 million, a 746 sqm parcel on 32 Kendal Street sold for $ 3.05 million in December, and $ 3.835 million was paid to 22 Kendal Street. I did.
This corresponds to realestate.com.au, revealing that the median home price in a once-sleeping seaside town has nearly doubled from $ 1.4 million to $ 2,293,500 over the past year.
Paul Banister, the first national Byron Bay agent, said lots have been gradually put up for sale after they first went on the market a few weeks before the March 2020 blockade.
“Initially, there was a lot for sale just before COVID-19, which started selling at $ 2 million, but in December the price rose to $ 3.8 million over time,” he said. It was.
“We saw a significant price increase in a short period of time because many people want to buy and don’t have enough homes to buy.”
The 822-square-meter block is a 15-minute walk to the town center of Byron Bay, close to the popular tree house restaurant and Belong Gil Bistro.
Banister said buyers could build a two-story home in the block. This is compared to a house near the beach, which can only be one story high.