- The sale combines neighbouring parcels which add up to 68.9 hectares
- The site has approval for a master-planned community development
- Byron Bay has forecast price growth of 30% to 35% over the next five years
A land amalgamation of close to 70 hectares near the coveted Byron Bay is anticipated to generate significant interest both locally and internationally as it hits the market.
The sale combines neighbouring parcels of land along Ewingsdale Road and Melaleuca Drive which add up to 68.9 hectares over five lots. The property is to be known as the West Byron Amalgamation.
The properties will be taken to the market via an international expression of interest campaign run by Knight Frank‘s Tim Holtsbaum and Blake Goddard. The sites may be sold individually or in one line depending on the offers.
The site has approval for a master-planned community development that can comprise over 150 large lots. This includes 124 residential lots, 25 super lots, two large neighbourhood centre lots and multiple light industrial zoned lots.
The approval process for the land was ongoing for over 10 years with the owners obtaining development consent early last year.
Byron Bay was named as one of 12 hotspots around the world – alongside the likes of Knightsbridge in London and the famous Como region in Italy, in Knight Frank’s The Wealth Report 2022, chosen for its health and wellbeing elements.
The town has been identified as a neighbourhood with a forecast price growth of 30 to 35% over the next five years, which is the strongest predicted growth of the 12 global hotspots.
Mr Goddard said the approved masterplan has the potential of providing the area with a much-needed housing supply.
“The owners carefully designed and curated the approval to ensure it meets with demand from the local surrounds. This includes 2.5 kilometres of internal designated cycleways and a village centre to service the new community and supported by communal parks and gardens,” he said.
Mr Holtsbaum said he expects that the West Byron Amalgamation will be one of the most desirable development offerings on the market in northern New South Wales and Australia-wide.
“Byron Bay presents one of the most sought-after investment locations, driven by restricted supply and continued demand.”
Tim Holtsbaum, Knight Frank
“The town has proven itself as a leading residential and commercial market in Australia,” he said.
