Real Estate & Home

Richlisters flock to new Byron Bay hotspot

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Byron Bay's Belongil Beach has crystallized into Australia's ultra-luxury coastal hotspot, with billionaires including Chemist Warehouse scion Damien Gance and hospitality tycoon Justin Hemmes collectively acquiring over $80m in beachfront property since 2023. This wealth concentration signals strong investor confidence in premium coastal markets and demonstrates robust property appreciation potential, compelling for luxury developers planning high-end developments and infrastructure serving affluent communities.

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