The four coastal towns more expensive than Byron Bay
Byron Bay has lost its title as the most expensive regional town in Australia, with four coastal towns now surpassing its median house price. Mermaid Beach and Broadbeach Waters on the Gold Coast lead the list, followed by Sunshine Beach and Casuarina. Despite recent price drops, Byron Bay is showing signs of recovery due to tight supply and its strong brand appeal.
- ▪Mermaid Beach has a median house price of $2,696,119, making it the most expensive regional suburb in Australia.
- ▪Byron Bay's median house price is currently $2,476,501, ranking it fifth among the priciest regional suburbs.
- ▪The decline in Byron Bay's prices was influenced by natural disasters and a shift in buyer preferences towards quieter coastal areas.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.