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‘Horrific for the community’: confessions of a real estate agent in priced-out Byron Bay | Travis Lipshus
When I began working as an agent in Byron Bay in late 2016, the median residence cost was sitting at all-around $1.1m and swiftly rising with the spillover from the Sydney home increase. Absolutely everyone was in awe. Two years ahead of, it experienced been half that, as regional Australian property values had been beginning to recover from the GFC. From 2016 until finally very last year’s lockdown finished, Byron Bay had averaged 74 house sales every year, and the line on the graphs keeps going up, slowing and ebbing each now and then. As of August 2021 the median dwelling price is $2.55m, with a 70{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} increase in a…