Spare $26 million lying around? If you have plenty to share in your back pocket, then you’d already know Byron Bay is your playground. The holiday home market here is through the roof, and a recent sale of a hinterland property in Suffolk Park for $26 million is a sign that it’s only going up. Known for its rolling hills, stunning beaches and thriving bar and restaurant scene, it’s not hard to see why. And while most of us dream of purchasing just any house, some of us dream of a Byron Bay hinterland mansion. See, we’re not that far apart after all.
The home was purchased by a beneficial trust, Jersey Investments, which is linked to the billionaire Roche family, headed by matriarch Nutrimetics founder Imelda Roche. We’ve heard whispers that it is Roche’s daughter, Clare Mulham, that will be the lucky person making themselves at home in the boujee residence. We just want an invite to the New Year’s Eve party.
The property was sold by Sydney-bound Fiona Toltz Gower and Joren Gower with further negotiations by Pacifico Property’s Christian Sergiacomi. It takes out the previous top sale of $22 million, when Rip Curl co-founder Brian Singer bought a house at Wategos Beach in 2020, and smashes the hinterland record of $18.5 million that was set last year after the purchase of a Brunswick Heads home.
While listing information is scarce, Man of Many was able to track down a listing for the property via Byron Bay Luxury Escapes. The home sits on an impressive 16 hectares of land, having undergone a major rebuild and some hardcore reno involving land-clearing and a landscaping project for the previous owners in the nine years since they bought it for $2 million back in 2013. Either their re-vamp is seriously impressive, or declining house prices aren’t a thing in Byron Bay. Just like shoes then, optional.
If anything, it’s a sure sign of Byron Bay’s ever-growing reputation as the latest hot spot, and the property prices speak for themself. Since the pandemic, the values of the area have soared, and the same goes for the hinterland market, with a fleet of a-listers and celebs buying in the tropical paradise. With Hollywood heavyweights like Zac Efron and Chris Hemsworth buying in Tweed Valley and Newrybar respectively, you can see what people want to be in the area.
We might just settle for a Byron Bay beach shack and don some boots for a DIY reno.