Byron Bay

POSTAL CODE: NSW, 2481

HOUSE

UNIT

BYRON BAY ranks 1424th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of -9.91% for the past year is lower than average compared to its 16.28% growth within a five-year period.

Also in BYRON BAY, the median home price is sitting at $2,500,000, and the average rent at $1250, this suggests property owners could potentially earn a 2.6% increase in gross rental yield.

Property investors have seen a 4.17% gain in BYRON BAY based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 11.22% growth over a ten-year period. It ranks 4146th on our list of suburbs that property investors should look into.

A steady increase in median property prices over a five-year period in BYRON BAY, 2481 translates to a 3.02% capital gain.

BYRON BAY, 2481 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,365,000.

Augmented property values in BYRON BAY are trailing behind the NSW average of 4.69% for the past year.

Real estate investors could earn a rental income of $990 based on current median home prices for the suburb.

Home owners selling their properties and realtors in BYRON BAY usually have to wait an average of 106.8 days days before their assets are lifted off the market.

BYRON BAY ranks 421st on the list of best yielding suburbs for rental properties in NSW, posting a 3.77% return.

BYRON BAY, 2481 places 444th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$2,500,000	$1,365,000
Growth Report
Median Quarterly	4.17%	-1.09%
Median 12 month	-9.91%	-2.5%
Median 3 years	-19.48%	3.02%
Median 5 years	16.28%	76.13%
10 years average annual	11.22%	9.99%
Weekly media advert. rent	$1,250	$990
Time on Market	98.7 days	106.8 days
Gross Rental Yield Percent	2.6%	3.77%

Demographics (Median Values)*

Total Population 11769

Weekly Household Income 1319

Household Size 2.40

Average Age 43

Monthly Loan Repayment 2000

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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