Grab your dream Byron home now
May 3, 2012 Leave a comment
Now could be the time to grab a bargain property at Byron Bay, with recent figures showing big decreases in prices in the town.
The report reveals that since January 2010 Byron Bay has had decreases in median price for units and houses of 25.4% and 19.3%.
One independent property advisor confirmed there had been a drop in median property values in Byron but put the figure at 10% citing the example of a single-level, modern three-bedroom home in Sunrise Bvd.
“First National Real Estate originally sold this property in March 2010 for $550,000. The same agency recently resold the property in February 2012 for $500,000, which analyses to a discount of 10%.”
Source: Northern Star, 21 Apr 2012