Byron Bay

Byron Bay, NSW 2481 is a vibrant coastal suburb with a total population of 6,330. The suburb has a diverse age distribution, with a significant population aged between 20 to 44 years. The median weekly household income is above average. The most common occupations include professionals, managers, and technicians/tradeworkers. Residents have various commuting options, with a notable number working from home. The suburb has good access to education, with a Government Schools ICSEA percentile of 72.0. For Houses, Byron Bay presents opportunities for renovators due to a high Sale Price IQR ratio. The suburb has a relatively low market absorption rate, indicating a buyer's market. However, there is room for growth in median prices over the long term. The Unit market offers a more stable investment option with a moderate Sale Price IQR ratio and a higher market absorption rate compared to Houses. Byron Bay, NSW 2481 offers a desirable lifestyle with its coastal location, diverse community, and good educational facilities. For property investors, Houses may be suitable for renovation projects, while Units could provide more stability and potential for growth. The suburb's property market shows signs of long-term growth potential, particularly in the Unit segment. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022