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Picking the beachside towns set to replicate Byron’s stunning growth

More than a million dollars in price growth in less than 12 months seems closer to wild fantasy than a property investor’s attainable goal. But Byron Bay’s meteoric rise is not only reality, data shows it could be repeated in other beachside destinations.

Aerial photo of the NSW north coast town of Yamba
House prices in the NSW north coast town of Yamba are on the upswing, but remain relatively affordable. Photo: Ray White Group

With median house price growth of nearly $2 million since 2012 - and around $1 million in the last 12 months - investors who got in early in the idyllic seaside town of Byron Bay

would certainly be patting themselves on the back for a job well done.

But for those who missed out, research by Ray White chief economist Nerida Conisbee shows there are certain fundamentals investors should look at to get in on the ground floor of Australia’s next bea…