News

Byron Bay apartment sells for record $5 million

PLAN SALE: A Byron Bay unit has sold for $5 million.
PLAN SALE: A Byron Bay unit has sold for $5 million. Contributed

FEDERAL Budget cuts and local job losses have made no dent in the aspirations of the elite Byron Bay seachange set.

The Bay's high-end property market could be headed back into the stratosphere with a record $5 million for an off-the-plan apartment.

The sale price smashed the previous record of $2.7 million, set before the dreaded Global Financial Crisis.

But this isn't just any old apartment.

Fortyfive Lawson is the first luxury development in 30 years fronting Main Beach, just a short walk across the lawn.

The owners of its nine apartments will enjoy a host of perks, including private pools, stone fireplaces, under-floor heating, and European appliances - and when they're not around, $20,000 a week rent in peak season.

A Brisbane family bought the creme de la creme - a four-bedroom, 405sq m penthouse with wraparound balcony and plunge pool - to live in permanently.

Byron Bay Property Sales agent Graham Dunn said the buyer knew Byron well and "appreciated the old adage: position, position, position".

Developer Jim Goldburg, who co-founded Flight Centre, said the five apartments sold to date had netted $19 million, with most buyers from Sydney and Brisbane.

"There continues to be strong interest in the remaining four apartments including the last available penthouse, which is listed for $4.5 million," Mr Goldburg said.

On the wider market, Mr Dunn said every area except for Wategos was back to pre-GFC levels and above.

Topics:  byron bay editors picks real estate



Plans floated for Ballina trawler harbour

Dredging has been finished at the Ballina trawler harbour.

Ballina mayor wants to make river big asset

He served his country but died a lonely death

BEFORE: A photo of Walter Derrett's grave taken in 1934 and printed in the Northern Star.

One of the saddest stories Tales from the Grave has uncovered

Busy year for busy bees restoring neglected duck pond

From left, Mark Bailey and Derek Goodwin of South Lismore Duck Pond Landcare with the Mayor of Lismore Isaac Smith.

South Lismore Duck Pond wins grant to continue much-needed work

Local Partners

Wonderland star hits the big time in America

HE MAY not be James Bond, but Bundaberg lad Michael Dorman has hit the big time in a lead on Amazon web series Patriot.

Living End, Grinspoon stars hit stage for American Idiot

Chris Cheney of The Living End stars in the Australian production of Green Days musical American Idiot at Brisbane's QPAC Theatre.

TAKE a look behind the scenes of Green Day's American Idiot musical

Northern Rivers gig guide

PIRATE FLAG: The Hussy Hick's latest single is a crowd favourite that echoes a sentiment of political scepticism. Hear Pirate Flag at Tintenbar Upfront, Tintenbar Hall, tomorrow 7.30pm. $20.

What's on this week in local entertainment

Samuel L Jackson dismisses La La Land ahead of Oscars

Ryan Gosling and Emma Stone in a scene from the movie La La Land.

Hollywood actor and Oscars voter says Denzel should win top gong

Former Family Matters stare accused of child abuse

Reginald VelJohnson, left, and Darius McCrary arrive at the TV Land Awards on Sunday, April 19, 2009 in Universal City, Calif.

Darius McCrary has been accused of child abuse

Bindi Irwin's birthday tribute to her dad

Bindi Irwin

Bindi Irwin has paid tribute to her dad on his 55th birthday

Stunning home blends South Pacific beauty with Orient style

Immaculate residence with two outdoor living areas

$140k damage: landlord says property trashed, contaminated

He had what he calls "the tenants from hell"

Submarine, buses and 3000 tyres removed in $100K clean up

The list of things removed from this property is beyond astonishing

Popular island resort sells to loaded international investor

OUR PICK: Chris Foey's colourful shot of one of Gladstone's great tourism hot spots, Heron Island.

International investor snaps up piece of Gladstone paradise.

Ready to SELL your property?

Post Your Ad Here!