Byron Bay, NSW 2481: Suburb Profile & Property Report

Market Report

House report
Unit Report

In Byron Bay, the median property price for a house is currently $3,150,000 with annual capital growth of 16.67% . There were 56 house sales in the past 12 months. On average, houses spend 124 days on market.

If you're thinking about buying an investment property in Byron Bay, consider that rental yields for houses are currently 2.79% with an average median rent of $995 weekly. Houses have seen 18.87% growth in the past quarter, and 16.67% growth in the past 12 months.

The size of Byron Bay is approximately 19.8 square kilometres. It has 13 parks covering nearly 25.3% of total area. The population of Byron Bay in 2011 was 4,958 people. By 2016 the population was 5,517 showing a population growth of 11.3% in the area during that time. The predominant age group in Byron Bay is 20-29 years.

Households in Byron Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Byron Bay work in a professional occupation. In 2011, 53.8% of the homes in Byron Bay were owner-occupied compared with 57.3% in 2016.

In Byron Bay, the median property price for a unit is currently $1,350,000 with annual capital growth of 12.50% . There were 120 unit sales in the past 12 months. On average, units spend 56 days on market.

If you're thinking about buying an investment property in Byron Bay, consider that rental yields for units are currently 3.52% with an average median rent of $890 weekly. Units have seen -8.01% growth in the past quarter, and 12.50% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$3,150,000	$1,350,000
Quarterly growth	+18.87%	-8.01%
12-month growth	+16.67%	+12.50%
Average annual growth	+18.60%	+10.49%
Weekly median rent	$995	$890
Gross rental yield	2.79%	3.52%
Number of Sales (12m)	56	120
Avg. Days on Market (12m)	124	56

Jump to Market Trends

Key Demographics	2011	2016
Total population	4,958	5,517
Population change (5y)	-11.59%	+11.30%
Median household income (p/w)	$880	$1,203
Household income change (5y)	+21.05%	+36.70%
Median age of persons	42	43

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Byron Bay is $3,150,000 for houses and $1,350,000 for units.

The Median Growth in Byron Bay over the past 12 months is 16.67% for houses and 12.50% for units.

Over the past 12 months there were 56 houses sold and 120 units sold in Byron Bay. On average, houses spent 124 days on market and units spent 56 days on market.

In the past 12 months up to September 2024 there were 56 houses sold and 120 units sold in Byron Bay. On average, houses spent 124 days on market and units spent 56 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Byron Bay is $995 for houses and $890 for units.

The Rental Yield in Byron Bay is 2.79% for houses and 3.52% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Byron Bay was 5,517 in 2016, a +11.30% change compared to 2011.

The predominant age group in Byron Bay is 20-29 years.

The population of Byron Bay was 5,517 in 2016, a +11.30% change compared to 2011.

The predominant age group in Byron Bay is 50-59 years.

Most of the population in Byron Bay were born in Australia.

Most of the population in Byron Bay report their religion as No Religion.

Most of the population in Byron Bay report their income range as between $15,000 and $33,000 .

The median household income in Byron Bay was $1,203 in 2016, a +36.70% change compared to 2011.

Most of the population in Byron Bay report their income range as between $31,000 and $52,000 .

The median household income in Byron Bay was $880 in 2011, a +21.05% change compared to 2006.

Most of the population in Byron Bay work as Professional.

The chart below demonstrates the various levels of education in Byron Bay.

Most of the population in Byron Bay reached a qualification level of Not Stated.

Most of the population in Byron Bay reached a qualification level of Certificate.

2011 2016

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This publication contains data and statistics provided by the Australian Bureau of Statistics, available at http://www.abs.gov.au/ and reproduced under Creative Commons Attribution 2.5 http://creativecommons.org/licenses/by/2.5/au/legalcode.

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While CoreLogic uses commercially reasonable efforts to ensure the CoreLogic Data is current, CoreLogic does not warrant the accuracy, currency or completeness of the CoreLogic Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the CoreLogic Data.

Contains property sales information provided under licence from the Valuer General New South Wales. RP Data Pty Ltd trading as CoreLogic Asia Pacific is authorised as a Property Sales Information provider by the Valuer General New South Wales.

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