Byron Bay sellout in luxury beachfront location

Byron Bay sellout in luxury beachfront location
Jonathan ChancellorMarch 24, 2015

The Byron Bay project, Fortyfive Lawson has sold out.

It was the village's first luxury apartment development in 15 years on the main beach strip.

Sales totalled $33 million for the developer, and Flight Centre co-founder, Jim Goldburg.

“Since Australia Day the remaining four properties were snapped up,” Goldburg said.

“All apartments sold at listing price, confirming the strong interest in a limited market with the majority of the nine apartments purchased by Australian buyers from Melbourne, Sydney and Brisbane.

The demolition of the pre-existing building and construction commencing signalled to buyers and investors that "time was running out", he said.

Last year it broke the record price for an off the plan Byron Bay apartment sale after a Brisbane family paid just under $5 million for a four bedroom, 405 square metre penthouse.

The luxury development had four single level residences, one spacious retreat-style two-level terrace, two sub penthouses and two penthouses boasting views over Byron Bay’s Main Beach.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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