Local lifestyle bright for some
IN A town where demand for family houses far outweighs supply, Kylie Milek-Zaini considers her and her young family 'very lucky' to get a piece of Byron's lifestyle.
“It's expensive, but we made a choice. The lifestyle is worth it,” the Byron Bay mother said.
Ms Milek-Zaini and her husband Aaron relocated from Newcastle, and were lucky enough to buy a $545,000 'fixer-upper' in the heart of Byron Bay. According to Michelle Jackson, sales consultant from The Professionals Byron Bay, the Milek-Zaini family was lucky.
“At the moment a family might be able to crack the market at $550,000 for a renovators dream on an arterial road,” she said.
Ms Jackson said the vision painted by Melbourne-based demographer Bernard Salt in The Australian of Byron as a town awash with grey-haired baby boomer retirees within 10 years may well come true.
“We are certainly seeing an older home buyer in the region. On the other hand, the older buyer doesn't want to live in a place where there are lots of backpackers and congested traffic,” she said. “The problem is a complete lack of development and subdivisions from council.”
But Byron mayor Jan Barham played down forecasts of Byron Bay as a 'grey town'.HAS BYRON BAY OUTPRICED ITSELF? Phone 6624 3266 or SMS 0428 264 948