Byron Bay's bounceback queried after Shelley Craft takes a loss

The Block television personality Shelley Craft and her estate agent husband, Christian Sergiacomi, have sold their Byron Bay hinterland home, The Rise at a loss.

The tropical five bedroom, three bathroom hideaway on 6,100 square metres at Ewingsdale in the hinterland fetched $1.5 million when settlement details emerged earlier this year.

It has been home to The Block co-presenter and husband, known as Serge, who has been a cameraman on The Block, since they bought it in 2010 for $1.61 million.

The five-bedroon Ewingsdale offering has around 290 square metres floor space.

Jeremy Bennett, of Bondi Junction Sales has it listed at $1.5 million plus.

The upgrading couple spent $2.05 million on an 8,050 square metre property at neighbouring McLeods Shoot, a substantial discount as it had been initially listed for sale at $3.5 million-plus in 2010.

The couple built on the property which was long owned by the McGettigan pioneering family who who first settled in Byron Bay in 1882.