October — Northern NSW Suburb Wrap

WORDS BY – Brodie Low

October 2022

To make sense of the current real estate market, we have come out of a massive boom that accelerated home prices in a way you would typically see in a trend of one to two property cycles. On average, home values have gone up 25 per cent over the past two years- even if homes came down by a cumulative 10 per cent, they are still up by 15 per cent over three years. With values still stable, selling and buying in the market of summer 2022 is going to be beneficial with less competitive buyers. This means that purchasing after selling will be easier to navigate, with agents across the industry now understanding the importance of recognising buyer enquiry and what it means for their business.

SOLD for $2,450,000 3 Aeolus lane, Casuarina
With a listing price of $2.6 million, this home was sold on 12th October after 157 days on the market. Boasting four bedrooms, three bathrooms, a four-car garage, a magnesium pool, spa and cabana, it is no wonder it gained a high-end ticket price. This family home was purchased as an investment and is currently rented out for $1600 per week.

SOLD for $2,350,000 18 Beech Lane, Casuarina
This spacious family home was purchased on 19th October after 115 days on the market. A home just one block from the beach comprises four bedrooms, two and a half bathrooms, two car garage, and a saltwater pool, all on a 688 square meter site. This home was sold last year for $2,650,000.

SOLD for $2,250,000 624 Casuarina Way
On the market for just 33 days total, this garden apartment sold on 24th October. Four bedrooms, three bathrooms, two car garage and pool on a 646 square meter site, a central location. The home is now rented out for $1,475 per week.

SOLD for $4,000,000 10 Beason Court, Casuarina
Sold in one hundred days, this luxury beachfront home was advertised with a price guide of $4.3 -$4.5 million. The architecturally designed home was previously sold in August 2020 and was purchased for $2,750,000. Four bedrooms, three bathrooms and two car garage, all on a 670 square meter site.

SOLD for $1,960,000 9 Laceflower Parade, Casuarina
Built-in 2017. This home was sold on 13th October after seventy-two days on the market. Four bedrooms, two bathrooms, a two car garage with a pool on a 680 square meter site. A great result for the vendor, achieving $5000 over the asking price.

SOLD for $2,000,000 2 She-Oak Lane, Casuarina
Only 100m from the beach and built-in 2007, this Casuarina home had never been sold before. It was sold within 55 days of being on the market on 4th October. A 2-storey four bedroom, three bathroom, two car garage home with two living areas and a swimming pool. This was initially listed for sale at the price of $2,350,000.

SOLD for 2,500,000 22 Barrel Street, Kingscliff
A luxury home sale sold within 36 days of marketing on 18th October. A Jason Pate architectural design; four bedrooms, three bathrooms, two car garage and pool. This luxury home was located in Salt Village, Kingscliff.

SOLD for $3,650,000 2 Cylinders Drive, Kingscliff
A luxury beachside residence on the prestigious Cylinders Drive was sold on 14th October. A high-end property, including a 12.5-meter swimming pool and waterfall, spa, multiple living spaces, and chef’s kitchen, all on a 697-square-meter site. Whilst it took over 200 days to sell, it gained a good result in the end.

SOLD for $1,650,000 6 Faulks Street, Kingscliff
With expansive coastal views, this original family home has had the same owner for over 36 years. Oversized, coming with plenty of potential for the new homeowner to be creative with. This Faulks Street home is in a great location, which will only go up in value. Listed for $1,750,000 and sold within 46 days.

SOLD for $1,975,000 101/7 Murphys Road, Kingscliff
Selling on 18th October, this real estate campaign ran for 50 days before selling this high-end boutique apartment in the ‘Soraya’ complex. Inclusive of three bedrooms, 2.5 bedrooms, lift access from the secure basement car park and a plunge pool.

SOLD for $2,010,000 58 Nautilus Way, Kingscliff
This Kingscliff home has not been on the market since its build in 2015. Just 200m from the beach, it boasts five bedrooms, three bathrooms, a swimming pool and two car garage, all on a 592 square meter site. This home was on the market for a period of 127 days.

SOLD for $1,805,000 22 Ulladulla Court, Kingscliff
On 21st October, this Kingscliff family home sold for the first time since its construction in 2013. A single-level home in the Salt village precinct comprises of four bedrooms, two bathrooms, two car garage and an outdoor entertaining area with a pool on a 539 square meter site.

SOLD for $2,725,000 1 Blackbutt Place, Byron Bay
A magnificent home of six bedrooms, two bathrooms and an eight-car garage has just sold in the heart of Byron Bay on 18th October. The home was on the market for 121 days. It is situated on a 1001 square meter prized Byron enclave. This was an investor’s dream buy with multiple commercial and residential options.

SOLD for $1,795,000 24/33-35 Childe Street, Byron Bay
This apartment was listed for 310 days prior to selling on 6th October. It was previously sold for $1,125,000 in July 2020 and then again in May 2021 for $1,750,000. Architecturally designed, this beach apartment overlooks the Belongil beach, exclusively part of the East on Byron Resort. It comprises of two bedrooms, two bathrooms, one car garage.

SOLD for $3,800,000 38A Cowper Street, Byron Bay
Sold on 27th October, this was a reasonably quick sale after 42 days on the market. Sold as a deceased estate, this 1980s home reached the market for the first time ever. On a 923 square meter block, it has a development opportunity for the new owner. It comes with three bedrooms, two bathrooms and a one car garage.

SOLD $2,950,000 1 Dylan Lane, Byron Bay
This home was listed for $3.2-$3.4 million and was on the market for just 43 days selling on 5th October. Built in 2007, this north-facing three-bedroom, two-bathroom, two-car garage home has an ample yard. It has an STCA to add a pool, with a 505 square meter land size.

SOLD for $6,500,000 5 Pandanus Place, Byron Bay
Recently renovated, this exclusive residence in the heart of the infamous Wategos Beach sold on 19th October. It comprises three bedrooms, two bathrooms and two car garage on a 582 square meter site. The home has a long history of rentals, with the last recorded rental return of $2,800 in 2015.

We see a pick up in sales in the Nothern NSW coastline with summer coming into our vision; it is also the busiest time in Luxury real estate. What was fear of missing out (FOMO) has now turned to fear of buying early (FOBE). We see buyers waiting for the property market to hit bottom; however, it is evident that our economy is still growing. Wages are rising, with many borrowers ahead in their mortgage repayments. The world continues to evolve, with new buyers entering the market. In September 2022, buyers and investors were still obtaining finance with $28 billion approved Australia-wide. We will see consumer confidence comeback as buyers get more comfortable and familiar with the market change. Consumer sentiment will be a huge driving factor over the summer of 2022.


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