First Name Pictured: An entertainment room with a pool table and a bar is perfect for entertaining guests or family on a fun night in. Last Name Maitland has a youthful demographic (median household age of 36) while 12 per cent of its workforce are employed in the manufacturing sector (the national average is 9 per cent); HOBART has the highest outright home ownership of all capital cities. Simon was also been awarded for excellence in the real estate industry as 2012+2013+2014 “Australian (REIA) Buyer's Agent of the Year” and “Queensland (REIQ) Buyer’s Agent of the Year”. No, the new titleholder isn’t Melbourne; it isn’t even a capital city. Outside there is a floodlit tennis court along with a bayside pool with pool house. Your Email* *- Please Select -FacebookGoogle SearchMedia - Real Estate Talk | Kevin TurnerMedia - Smart Property Investment MagazineMedia - Your Investment Property MagazineMedia - TVREIQREBAAOtherIf you selected Other, please let us know whereNameThis field is for validation purposes and should be left unchanged. Census data says Byron’s median household age is 44 (compared to the national average of 38) and there’s a below-average number of children per household. In Byron’s case, housing demand is primarily driven by the affluent, middle-aged, Australian-born couple. These cookies do not store any personal information. While every single location in Australia (regional and capital cities) have had multiple years of double-digit price growth over the last 20 years, it’s staggering that Byron has averaged double-digit growth every single year for two decades. Necessary cookies are absolutely essential for the website to function properly. Most expensive home in Australia At $140 million, the residence is the most expensive home in Australia, with each square metre of floor space in … Like us on Facebook to see similar stories, Hospitals seek reinforcements as COVID surges, Inspire Brands, parent company of Arby's and Sonic, to purchase Dunkin' Brands for $11.3 billion. The gap is likely to widen with the median house price in Byron continuing to rise (up 2.9 per cent during the December quarter) while prices in both Sydney and Melbourne have been falling at an annual pace of 10 per cent.

Have a sticky beak at these trophy mansions - by Andrea Black 21 Feb 2019 Wikipedia/Picassa. Phone Number*Your Location*-Please Select-SydneyNSW OtherMelbourneVIC OtherBrisbaneGold CoastSunshine CoastQLD OtherAdelaideSA OtherPerthWA OtherNorthern TerritoryTasmaniaCanberraInternationalHow did you hear about us? The average annual population growth rate of 0.9 per cent is well below the 17-year national average of 1.5 per cent. The 9.5 per cent average annual increase over the last 20 years is a superior increase in real estate prices to every capital city; SYDNEY’s population increased by 93,237 last year however, 77,089 was from overseas migration. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. The Coolong property is the most expensive property sold in Australia this year.

The 10.5 per cent increase in Sydney’s median house price over the last three calendar years is inferior to 30 out of 40 Australia’s most expensive locations. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Propertyology Head of Research and REIA Hall of Famer, Simon Pressley, Australia’s best-performed capital city property market, retirees are relocating away from capital cities, More by Propertyology Head of Research and REIA Hall of Famer, Simon Pressley, Propertyology Helped Guide Maya & Jorma To Financial Freedom, Public Sector Is Part Of The Property Engine, Property Prices Triple In 111 Locations Over Last 20 Years. In fact, on the scale of population size, Australia’s most valuable real estate is in Australia’s 73 rd biggest city.

Your Name* The local economy is very reliant on tourism. The house is a beautiful piece of Australian history, as it was build in 1863 and has played host to lots of important guests across four generations of ownership of the Fairfax. Byron is one of dozens of examples of popular Australian non-capital city locations. This website uses cookies to improve your experience. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Sydney and Perth are the two cities experiencing the largest declines. The home boasts seven bedrooms, eight-bathrooms, a floodlit tennis court, a bayside pool with a pool house, and a boat house.

In spite of it being Australia’s most expensive city, the 36 per cent of Byron households whom own their dwelling outright is above the national average of 31 per cent. Four of the seven bedrooms are equipped with en-suites and includes a self-contained studio 'perfect for in-laws or the au pair', the listing reads.

Australia’s most easterly city, the sun rises in Byron Bay ahead of any other location, is popular for its climate, beautiful beaches, surfing, cafes, good local produce, and surrounding national parks. }} } );jQuery(document).bind('gform_post_conditional_logic', function(event, formId, fields, isInit){} ); jQuery(document).ready(function(){jQuery(document).trigger('gform_post_render', [23, 1]) } ); Australia’s biggest city, Sydney, has lost its mantle for having Australia’s most expensive median house price. The historic Elizabeth Bay residence Berthong, which was sold for $35million, is the second most expensive property sold this year. Byron’s median house price increased by a whopping 64 per cent over the last 5 calendar years, propelling it to the top of the national tables. While Melbourne is Australia’s second largest city, it’s ranked sixth for median house price. House prices in all Australian cities, apart from Hobart, have fallen or made very modest gains over the past 12 months. But opting out of some of these cookies may affect your browsing experience. Size doesn’t matter. This category only includes cookies that ensures basic functionalities and security features of the website.