Byron Bay Rents Surge
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Byron Bay Rents Surge

The coveted coastal location saw rents rise by 32% in 12 months.

By Terry Christodoulou
Tue, Sep 7, 2021 1:58pmGrey Clock < 1 min

Renting in regional locations has surged in the last 12 months, with the celebrity-filled Byron Bay seeing a rise of over 32% in rents in the past 12 months.

The result is five times the annual rental growth of the past five years with higher demand and limited stock fuelling the rise.

Over the past 12 months, weekly rents in Byron Bay climbed to $1150 for houses and $806 for unites – overtaking the $1083 and $797 rents for Sydney houses and units respectively, according to analysis by CoreLogic.

The sharp increase is caused by a lack of rental property supply with the area seeing just 60 properties available last month, compared to the 177 available in April of 2020.

It’s not only the Byron Bay market feeling the pinch with tight vacancies and strong demand also seeing sharp increases for houses in locales like Ulladulla on the NSW South Coast. Here, rents grew by 28.4% over the year due to rental listings falling from 228 in April of 2020 to just 73.

Outside of NSW, Broome in the Kimberley region of Western Australia notched a 28.1% rental rise while Buderim on the Sunshine coast saw rents climb 26.1%.

Further, locations like Kingscliff on the Tweed Coast (28.1%) and Noosaville on the Sunshine Coast (25.3%) are also experience rental rising.



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11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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On the Market for the First Time, This Hamptons Beach House Is Listed for Nearly $26 Million

The home in the village of Sagaponack has plenty of balconies to take in the surrounding water views

By CASEY FARMER
Tue, Apr 23, 2024 3 min

A waterfront home in the Hamptons village of Sagaponack, New York, is on the market for the very first time.

Asking $25.95 million, the gray shingle-style home was built in 2008 by the seller and has since been available as a summer rental, but it’s never been up for sale.

Designed by architect Faruk Yorgancioglu, the “waterfront home offers privacy and panoramic beauty that cannot be duplicated under today’s zoning laws,” said co-listing agent Marilyn Clark of Sotheby’s International Realty – Bridgehampton Brokerage.

Jaime Lopez for Sotheby’s International Realty

The seller bought the property, which at the time had two small structures, at auction in 2005 for approximately $2 million, according to co-listing agent Deborah Pirro of Daniel Gale Sotheby’s International Realty. Mansion Global could not contact the seller.

The home hit the market Thursday, and in addition to Clark and Pirro, it is co-listed by Raquel Lopez of Sotheby’s International Realty – Bridgehampton Brokerage and Diane Anderson of Daniel Gale Sotheby’s International Realty.

Spanning 6,000 square feet, the home is filled with bright interiors, which were designed by New York-based interior designer Steven Gambrel. The open gourmet kitchen flows into a casual dining area and a living space with a fireplace, which is one of two double-sided fireplaces in the home, Pirro said.

A sunroom overlooks the water.
Jaime Lopez for Sotheby’s International Realty

“The placement and scale of fireplaces throughout the home is perfection,” she added.

A separate dining room has French doors that open onto a deck, listing photos show.

There are six en-suite bedrooms, including two primary bedrooms. The larger of the two is its own private retreat, outfitted with a fireplace, a sunroom and a large balcony, offering a space to watch the sun set over Sagaponack Pond, according to Sotheby’s.

Jaime Lopez for Sotheby’s International Realty

The home sits on a little more than an acre of waterfront land, bordering Sagaponack Pond, where there’s a private dock, and looking out at the Atlantic Ocean in the distance.

“The location on the pond with the view of the ocean waves breaking is spectacular and unique,” Clark said. “You are close to beaches and the Sagaponack General Store. It is a quick paddle to the famous Sagg Main Beach.”

Other outside amenities include a gunite swimming pool and a hot tub, which are surrounded by a spacious deck, as well as a pool cabana, which has a full bathroom, changing rooms and a sauna. There’s also multiple balconies, decks and a screened porch overlooking the pool, striking a balance between indoor and outdoor living.

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35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

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