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SEA-CHANGERS are driving a 30 per cent rise in Byron Bay’s home prices.
But real estate agents said these are families looking for a lifestyle change.
“A lot have kids, they want them to grow up in a nice environment,” McGrath’s Ian Daniels said. “They start up their own businesses or they work on the internet.”
Average homes now cost $850,000.
“It’s going mental. I’d say cashed-up Sydney and Melbourne buyers are about 70 per cent of those searching,” LJ Hooker’s Neil Cameron said.
“The schools are full and lots moving up are in their 30s and 40s; there is a huge wave of young professional people. It’s a turbulent world and a lot are moving here because it’s a safe environment,” principal of First National Real Estate Chris Hanley said.