Byron Bay house prices drop by $250,000 in nine months
House prices in Byron Bay have slumped 11 per cent, slicing $250,000 from the median since the start of the year. Further falls are expected over the next few months as the squeeze of higher interest rates prompts more homeowners to sell even in the face of weaker demand, data from CoreLogic shows.
Some lifestyle regions that were highly sought after during the pandemic, such as those in regional Victoria, are also seeing a marked reversal in home values as people return to the capital cities.
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