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How skyrocketing house prices are killing our towns

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Real estate on the Northern Rivers is more unaffordable than ever, with house prices skyrocketing and showing no signs of easing up.
According to Property Value, a product of CoreLogic, the median house price in Byron Bay is now $2.2 million ‒ that s a whopping 52 per cent increase year-on-year.
Median rents are now $780 a week.
It comes as deputy premier John Barilaro this week described the unexpected growth in regional NSW and the associated housing crisis as a champagne problem .
These are the problems you want, he said.
His throwaway line was criticised by Social Futures chief executive, Tony Davies, who said that was fine if you were able to afford champagne. ....

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Developer looks to sell pair of Byron Bay sites

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The Mercato on Byron shopping centre and an adjacent development site is being offered for sale.
Mercato on Byron Pty Ltd is seeking expressions of interest for the two properties, at 98-116 Jonson St.
Being marketed by JLL in Sydney, the listing includes 1.1 hectares of land in central Byron Bay.
JLL is pleased to present a rare opportunity to acquire a trophy real estate holding in one of Australia s most famous destinations - Byron Bay, the agency said in its listing.
The Mercato shopping centre on Jonson St in Byron Bay.
Mercato on Byron, a prime neighbourhood shopping centre, and the adjoining development site are located in the geographical centre of the Byron Bay CBD and offers an unprecedented 1.1-hectare (combined) site. ....

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$16M palatial home 'would not be possible elsewhere'

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A $16 million architectural masterpiece is set to be built in one of the Northern Rivers most exclusive streets.
The development application for the palatial new home in Byron St, New Brighton, was approved by Byron Shire Council late last year.
The approval came just a month after the neighbouring property sold for $5.75 million, and now the area has been earmarked as a hotspot for the super elite Australia-wide .
This new building will certainly get people talking.
Plans for a $16 million home on Byron St, New Brighton. It has been designed by award-winning Rob Mills Architecture and Interiors. ....

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