Money: The Thor Effect: Byron Bay overtakes Sydney as the most expensive place to buy a home in Australia – as the top 10 priciest areas in the nation are revealed - PressFrom - Australia
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MoneyThe Thor Effect: Byron Bay overtakes Sydney as the most expensive place to buy a home in Australia – as the top 10 priciest areas in the nation are revealed

09:31  09 may  2019
09:31  09 may  2019 Source:   dailymail.co.uk

Teacher, 28, ‘stabbed in the face and arms by a mother wielding scissors’ at Byron Bay primary school – as it’s revealed children saw a puddle of blood near the library

Teacher, 28, ‘stabbed in the face and arms by a mother wielding scissors’ at Byron Bay primary school – as it’s revealed children saw a puddle of blood near the library The woman, 36, allegedly stabbed Zane Vockler, 28, in the face and arm at Byron Bay Public School on Kingsley Street about 7am on Tuesday. Police allege the two were 'speaking on the premises before she approached him with what's believed to be a pair of scissors'. © Provided by Associated Newspapers Limited Zane Vockler, 28, (pictured with his partner Ashleigh Blake) was allegedly stabbed in the face and arm at Byron Bay Public School on Kingsley Street about 7am on Tuesday The woman fled the scene after the alleged attack, but was later arrested at a home on Beach Side Drive, Suffolk Park at about 10.30am.

The Thor Effect : Byron Bay overtakes Sydney as the most expensive place to buy a home in Australia – as the top 10 priciest areas in the nation are revealed . Byron Bay is Australia 's most expensive property market with 7,500 median. It is even pricier than Sydney 's 0,000 despite

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The Thor Effect: Byron Bay overtakes Sydney as the most expensive place to buy a home in Australia – as the top 10 priciest areas in the nation are revealed© Provided by Associated Newspapers Limited The Thor star's adopted home town, in the far north of New South Wales, has a median price tag of $987,500, making it more expensive than Sydney's $950,000, new data from Propertyology showed (pictured is a home on sale for more than $1million)

Byron Bay has overtaken Sydney as Australia's most expensive place to buy a house as Chris Hemsworth creates a wave of interest in the bohemian beachside paradise.

The Thor star's adopted home town, in the far north of New South Wales, has a median house price tag of $987,500, making it more expensive than Sydney's $950,000, new data from Propertyology showed.

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Sydney continues to be the priciest place for buyers, with the city now home to nine of the top ten most expensive suburbs in Australia . So which Sydney suburbs are among the nation ’s most expensive and which other state made the cut? Where are Australia ’s most expensive suburbs?

It's the most expensive place in the world to buy and run a car and one of the most pricey for clothes shopping. While Paris, France and Zurich Switzerland jumped up a few spots on the table, some incredibly high expenses for living in Singapore placed the island nation firmly in the number

Propertyology managing director Simon Pressley agreed with Sunrise personality David Koch's suggestion that Hemsworth was driving in interest in Byron Bay, as he builds a $9million mansion within walking distance of Australia's most easterly point.

'That's probably part of it,' he told the Seven Network on Thursday morning.

The Thor Effect: Byron Bay overtakes Sydney as the most expensive place to buy a home in Australia – as the top 10 priciest areas in the nation are revealed© Provided by Associated Newspapers Limited Byron Bay has overtaken Sydney as Australia's most expensive place to buy a house as Chris Hemsworth (pictured with wife Elsa Pataky) creates a wave of interest in the bohemian beachside paradise

Byron Bay is home to just 34,500 people, making it more than 145 times smaller than Sydney's five million, with a ranking of just 73 in the population size stakes.

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Australia - the football champion of Asia, recent victor at the Cricket World Cup - has just taken out a The most expensive country in the world: Australia . Credit:Rob Homer. Getting from A to B on public So does buying a pack of cigarettes, while accommodation in Sydney is especially exorbitant.

Australia , officially the Commonwealth of Australia , is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands.

Mr Pressley said wealthy people fed up with capital city congestion were flocking to Byron Bay and 'doing something similar to Chris Hemsworth'.

'In Byron's case, housing demand is primarily driven by the affluent, middle-aged, Australian-born couple,' he said.

As of December 2018, Byron Bay's median price had surged by 64 per cent in just five years, compared with Sydney and Melbourne's average increase of 44 per cent.

As recently as 1998, Byron Bay had a median house price of just $140,000, during an era when Crocodile Dundee star Paul Hogan owned a hinterland mansion at nearby Possum Creek.

The Thor Effect: Byron Bay overtakes Sydney as the most expensive place to buy a home in Australia – as the top 10 priciest areas in the nation are revealed© Provided by Associated Newspapers Limited Propertyology managing director Simon Pressley agreed with Sunrise personality David Koch's suggestion that Hemsworth was driving in interest in Byron Bay (a more upmarket home pictured)

Since that time, median house prices have climbed by an average of 10.1 per cent every year.

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Woolwich, the most western of the Sydney suburbs included on the rich list, has a median house price of AUD 4 million. This is a substantial figure, given that there were only nine This placed it second behind Point Piper and Darling Point for the highest earning postcode in Australia . 10 . Dover Heights.

Sydney continues to be the priciest place for buyers, with the Harbour City now home to eight of the top ten most expensive suburbs in Australia . So which Sydney suburbs are among the nation ’s most expensive and where else does it cost a fortune to buy a house?

'It's staggering that Byron has averaged double-digit growth every single year for two decades ,' Mr Pressley said.

'I doubt whether there's another city anywhere in the world that has done that.'

Hemsworth and his glamorous wife Elsa Pataky aren't the only Hollywood celebrities who have owned property at Byron Bay, with actor Matt Damon previously having title deeds to a $3.8million beach house there.

The likes of Russell Crowe, Tom Cruise, supermodel-turned-businesswoman Elle Macpherson and rock star Keith Richards have holidayed at Wategos Beach.

With housing in short supply in an idyllic location, Byron Bay enjoyed the strongest capital growth between 2015 and 2018, with median prices surging by more than a third, or 36.2 per cent.

The Thor Effect: Byron Bay overtakes Sydney as the most expensive place to buy a home in Australia – as the top 10 priciest areas in the nation are revealed© Provided by Associated Newspapers Limited With housing in short supply in an idyllic location, Byron Bay enjoyed the strongest capital growth between 2015 and 2018, with median prices surging by more than a third, or 36.2 per cent

This was more than triple Sydney's 10.5 per cent pace, which covered median prices peaking in 2017 before the start of the record downturn.

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The Economist Intelligence Unit's top 10 most expensive cities 2018. The Southeast Asian financial centre was joined in the top 10 by Seoul, which ranked in seventh position, as well as Hong Kong. The only city outside of Asia or Europe to appear in the top 10 was Sydney .

Traditionally wealthy county overtakes London in 2018 Good Pub Guide, the first time the capital has not topped the list for rip-off beer prices.

Melbourne, where median prices stand at $772,500, was Australia's fifth most expensive property market, behind Kiama ($910,000) on the NSW South Coast, Victoria's Surf Coast ($835,000) south-west of Melbourne and the Wingecarribee area ($814,500) on the NSW Southern Highlands.

Wollongong ($755,000), south of Sydney, Noosa ($735,000) on Queensland's Sunshine Coast, Ballina ($688,000) near Byron Bay and Canberra ($657,250) rounded out the top 10 list.

The Gold Coast ($632,500) was 14th, Brisbane ($550 ,000) came in at 22, putting it ahead of Perth ($520,000) on 26, Darwin ($485,000) at 31, Adelaide ($480,000) at 32 and Hobart ($452,500) rounding out the top 40 list.

Locals locked out of overheated Byron housing market.
Byron Bay is now the most expensive place in Australia to purchase a house, and locals who did not buy before the boom face the prospect of being forced out of the northern New South Wales tourist mecca. A recent nationwide analysis showed the median Byron house price was more than $987,000, putting it ahead of Sydney, at $950,000, while Melbourne ranks sixth at about $772,000. Report author Simon Pressley, from Propertyology, said the Byron bubble is refusing to burst. "Sydney's had two booms in 30 years, and they typically last between two and four years," Mr Pressly said.

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