Newly completed Byron Bay villa development placed on the market

Colliers expects strong interest from investors and partial owner occupiers given the rare offering amid tight supply in coastal township.

A collection of five newly constructed villas with freehold title at Byron Bay has been placed on the market property in a single line, presenting investors with a prime opportunity to capitalise on the iconic coastal township’s tight housing market.

The property, located at of 56B Bangalow Road, is being sold via an expressions of interest campaign being co-ordinated in a collaborative effort by Louis Young and Kye Ward, the Heads of Colliers Northern Rivers, together with James Cowan, Colliers’ Head of Investment Services NSW and Ryan Milivojac, Manager, Melbourne City Sales.

The rare residential offering comprises a mix of one- and two-bedroom villas with each featuring high quality and modern fixtures and fittings. The complex is fully leased with an attractive yield.

There is additional surplus land lending itself to future additional development (STCA), as well as the ability to subdivide into individual titles.

Interior living spaces are complemented by separate, spacious outdoor decks and lifestyle areas, each with their own private plunge pools, giving the property scope for short-stay accommodation as well as long-term rentals. The villas also have two car spaces each for residents.

“This is a rare single-title residential investment in the rapidly growing Byron Bay property market which is currently experiencing an extremely tight residential vacancy rate of 1.4 per cent,” said Mr Young.

“This alternative residential development offers excellent investment potential in a low-supply market and because it is the first time this property has been offered to the market in its entirety, we are anticipating significant interest from local and interstate investors.” Said James Cowan.

The Melbourne property landscape is shifting, and many of our sophisticated clients are seeking income generating assets in alternate jurisdictions in many cases to diversify their income profile and reduce their tax obligations” said Ryan Milivojac.

Situated in a quiet cul-de-sac on the doorstep of Byron Bay’s most sought-after attractions just 2km from Main Beach and a three-minute drive to the Byron Town Centre, the property is positioned to capitalise on sustained growth in the local market.

“Byron Bay has been growing at a remarkable rate with the median home price reaching $3.2 million in late 2024,” said Mr Ward.

“Given the extreme lack of supply in both properties for sale and lease, this asset offers remarkable potential for buyers. “Whether the property is leased to long-term tenants, be it locals or interstate and international students, or set up as an Airbnb investment, a multi-tenant residential investment such as this in Byron Bay delivers fantastic long-term holding potential.”