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Byron Bay, NSW 2481

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Byron Bay, NSW 2481 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Byron Bay, NSW 2481”

  1. The total adult population (15 years or older) of Byron Bay 2481 NSW is 5,624, with a median age of 39. Of those, 27.67% are married, 14.81% are divorced or separated, 54.05% are single and 3.50% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $8,116. The median monthly mortgage repayment for households in this suburb is $2,167 which is 26.70% of their earnings.

    Source: ABS Census Data (2021)

  2. Overview:
    Located in New South Wales, the beachside suburb of Byron Bay, 2481, is a bustling locality, home to an estimated 5,621 households. Property investment in Byron Bay calls for a nuanced understanding of its market dynamics and trends. An examination of the property market data for Q3 of 2023 reveals several key insights about this iconic coastal village’s property landscape, particularly for those eyeing its potentially lucrative investments in houses.

    Detailed Statistics:
    In the third quarter of 2023, the typical house price in Byron Bay stands at a considerable $2,266,608, with the median weekly rent for houses priced at $1,163. This pricing combination results in an indicative yield of 2.67%, marginally below the minimum market requirement of 3%, signifying a subdued cash flow potential for property investors.

    The socio-economic score for Byron Bay is measured at 1,038 out of a total of 1,217, indicating the region’s robust socio-economic health and a bustling community of highly skilled professionals with a fair access to economic resources.

    The suburb presents a renter to owner ratio of 40%, slightly higher than the favourable range of 30% and below. This implies a heightened degree of competition among landlords, which could potentially impact long-term returns on property investments. Nonetheless, with an unfavourable range only beginning at 45%, Byron Bay still sits on the brink of the acceptable range.

    The units to houses ratio stands at a favourable level of 33%, suggesting that the market is not oversaturated with rental units. This can lead to lesser competition among landlords, therefore helping to maintain a reasonable rental yield.

    However, the affordability index for Byron Bay is estimated at 109 years—significantly higher than the favourable 30 years or less range. This suggests a decreased level of affordability for residents seeking to own a property in this area.

    On the supply side in the housing segment, the stock on the market rests at a favourable 0.2% while the inventory level is set at 1.26 months—both conducive figures for low supply, creating better investment prospects.

    The building approvals ratio for houses in Byron Bay is 0.46%, indicating a supply that is neither too high nor too low while the average number of days on market for houses is 64, implying a relatively neutral demand.

    The combined vacancy rate for both houses and units is 2.35%, suggesting a neutral level of demand. The buy search index for houses sits right at the state average with a rating of 5, further reinforcing the balanced dynamism noted in the market.

    In summation, while some metrics hover around the unfavourable ranges, a majority reveal a favourable scope for property investment in Byron Bay in the housing sector. As always, understanding the nuances of the property market—the supply and demand dynamics, affordability, and the socio-economic factors, remain the key to successful property investment. The HtAG Analytics’ RCS metric is a useful tool for investors that can use over 80 metrics to automate such research.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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