Byron hinterland property market remains ‘buoyant’ with 86 homes sold in four months

The lowest price paid for a hinterland property was 429 Federal Drive, Federal at $850,000 and the most expensive was $12.7 million for 122 Coopers Shoot Road, Cooper’s Shoot

122 Coopers Shoot Rd sold for $12.7 million.

Despite a slight drop in search volumes since summer, 86 properties sold in the Byron hinterland in the past four months, with a median sale price of $2.1 million.

The lowest price paid for a hinterland property was 429 Federal Drive, Federal at $850,000 and the most expensive was $12.7 million for 122 Coopers Shoot Road, Cooper’s Shoot.

Lifestyle changes continue to be high on people’s minds during lockdown, according to Ray White’s hinterland quarterly report.

360 Old Byron Bay Rd sold for close to $5 million.

“The hinterland market has remained buoyant during winter despite coronavirus lockdowns and clear signs of levelling out in other segments of the market,” the Ray White report states.

“National search volumes are higher than they were a year ago although lower than the peak we had in February this year.”

Apart from two properties in Federal, there was virtually no property below the $1 million mark and several above $3 million.

“Lifestyle changes continues to be high on people’s criteria in their search for the ideal hinterland lifestyle property,” the report states.