Property of the Week: Yverlyn Farm, 44 Rishworths Lane, Brooklet

An equine retreat in the Byron Bay hinterland has recently resurfaced with a substantial price amendment, amounting to as much as a $4 million discount.

After initially listing for $14 million late last year, Yverlyn Farm is now on the market with price expectations between $10 and $12 million through Deborah Cullen and Richard Royle of Forbes Global Properties.

Tucked away in Brooklet, near Olivia Newton John’s former Gaia retreat and 22kms from the famous shores of Byron Bay, the 14ha estate blends the best of the region’s remote natural beauty with world class equestrian facilities and unobstructed views of the majestic Nightcap Ranges and Minyon Falls.

Owned by boutique renovation expert Rose Deo, co-founder of game design company Halfback Productions the company behind Fruit Ninja, Yverlyn Farm was once a working wholesale nursery. Today the luxury estate has been transformed into one of Byron Bay’s most desirable equestrian estates, home to a modern four-bedroom residence, additional guest accomodation, contemporary stables, an Olympic arena, several paddocks, and expansive grounds.

In the main house the spacious layout incorporates multiple living spaces framed by a choice of outdoor areas from the wraparound veranda to the alfresco dining area.

At the heart of the single-storey footprint, a grand dining room features a cosy sandstone combustion fireplace and an adjoining shaker-style kitchen features an imported Lacanche range cooker, bespoke cabinetry, and deVol aged brass tapware. There is also a butler’s pantry and laundry with external side access.

All four bedrooms have built-in wardrobes and big windows showcasing the picturesque natural surrounds. From the primary suite there are panoramic views of the hinterland, a large walk-in wardrobe and grand ensuite with freestanding bathtub.

When it comes to outdoor features there is a fully tiled and heated mineral pool, a majestic tree-lined driveway, a French limestone fountain, an orchard, parterre garden, and established vegetable patch. The property’s rich history is also evident in its original drystone fences, a legacy of the Irish settlers who built them in the late 1800s.

For the equestrian enthusiast, Yverlyn Farm includes a professionally designed stable block with six air-conditioned stalls, covered day yards, a tack room and wash bay. A full-sized Olympic arena comes complete with LED lighting and an irrigated European surface.

Above the stable block, a fully self-contained guest suite has two bedrooms with ensuites.

Additional accommodation includes the original dairy which has been transformed into a studio or office space with a slow-combustion wood fireplace, kitchenette and bathroom.

Nine paddocks and a dam provide ample space for roaming horses to roam and there is a separate barn plus a machinery shed.

Yverlyn Farm is listed with Deborah Cullen and Richard Royle of Forbes Global Properties with a price guide of $10 to $12 million.

The Australian housing market is rapidly evolving, with new research revealing changing activity in regional and city areas.

The latest Regional Movers Index from the Commonwealth Bank showed the exodus from Australian cities to the regions is significantly exceeding pre-COVID movements, sitting at 19.8 percent higher. Even more revealing is data which showed relocations are 1.8 percent up on the average recorded during the height of the lockdowns. At the same time, people in regional areas are staying put.

The report is a partnership between the Commonwealth Bank and the Regional Australian Institute. RAI CEO Liz Ritchie said the regions have become the permanent home of choice for more Australians.

“The inter-regional migration index —which tracks regional to regional relocations — has fallen by 5.1 percent, suggesting that more regional residents are content to stay where they are. With the continuing strong jobs market across regional Australia, increasing city property prices and ongoing cost-of-living pressures, it’s no surprise the regions remain desirable,” Ms Ritchie said.

She said this had significant implications for planners, with a better understanding of infrastructure needs required by planners.

“Regional Australia is truly the nation’s new frontier. There are so many opportunities in our regional communities, but likewise we know there are challenges. Housing for example remains a key ongoing concern in many communities,” she said. “Regional Australia is growing and for that to continue we need adequate foundations. The time to lay them is now.”

Among the areas to benefit from this shift over the past quarter was the Hunter Valley city of Maitland in NSW which saw a 3.4 percent increase in net migration from the cities and other regional areas. Long seen as the less desirable locale in the wine growing region, Maitland has attracted more buyers looking for an affordable home with lifestyle benefits. CBA Executive General Manager Regional and Agribusiness Banking Paul Fowler said it was an area on the rise.

“There is significant development happening around Maitland, with extensive land releases for residential, industrial, commercial and retail fuelling strong employment and construction industry opportunities,” Mr Fowler said.

“Maitland is also set to benefit from major investments in the area including the nearby Newcastle Airport which will welcome international flights from 2025, further enhancing the region’s accessibility and economic profile.”

And while Melbourne property prices continue to experience a lull, it’s a different story outside the capital, with regions closer to main city centres performing particularly well.

“A move to regional Victoria remains on trend among those relocating, with the state’s regional areas experiencing the largest surge in popularity in the 12-month period to September 2024, with its share of net regional inflows rising from 21 percent to 30 percent,” Mt Fowler said. “Trending scenic LGAs like Queenscliffe on the coast, as well as Moira, Wangaratta and Strathbogie located further north, offer attractive and more affordable lifestyle opportunities for many Australians.

“With more corporate employers setting up or relocating to Geelong, Queenscliffe’s proximity to Greater Geelong and the Melbourne CBD means more regional Australians can enjoy diverse employment opportunities while living in a beautiful location with enhanced lifestyle opportunities.”

Property of the Week: Yverlyn Farm, 44 Rishworths Lane, Brooklet

Buyers are moving there in their droves while existing residents know they’re on a good thing