28/24 Scott Street, Byron Bay NSW 2481

28/24 Scott Street, Byron Bay NSW 2481
2 bed / 2 bath / 1 car unit | Resort-style complex on 6 acres of bushland | 400m to Tallow Beach | Quiet cul-de-sac setting | Bushfire overlay flagged This unit sits within a well-established, resort-style complex that offers a rare combination of coastal proximity and genuine amenity—tennis court, sauna, gym, heated pool, and BBQ areas are shared across the grounds, which are set in native bushland. The configuration is compact but functional, suited to buyers seeking low-maintenance coastal living rather than land-intensive family housing. Its likely appeal is strongest for downsizers, second-home buyers, or investors targeting the holiday and short-stay market, given the beach access and the quiet, leafy character of the street. The property’s value may be shaped by its position within the complex, as aspect and outlook are not confirmed for this specific unit. The bushfire overlay detected on comparable lots in the building could influence insurance costs and lender appetite, which may affect resale appeal. The older strata building, with an established owner-occupier profile, may require sinking fund contributions for ongoing maintenance of shared facilities. These factors might temper price growth compared to newer or freestanding stock in the suburb.
Detailed Independent Property Report prepared  by PropCred Analyst team for 28/24 Scott Street, Byron Bay NSW 2481
Checks found:
Value Risk 2
Liquidity Risk
Planning Risk 2
Income Risk 2
Execution Risk ! 1
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Market Insight

Byron Bay is a premium coastal market in northern NSW, defined by a mature demographic profile and high owner-occupier rate. Demand is driven by families, professionals, retirees, downsizers and wealthy high-net-worth buyers seeking lifestyle and remote-work flexibility. House prices remain elevated at a median around $2.5 million; units sit near $1.35 million. However, the market has cooled sharply since the 2022 peak, with annual growth from -9.9% to -16.7%, and median days on market now 59. Sales volumes are thin at 75 houses annually. Rents for houses average $1,300 per week, yet gross yields are low at 2.86%, reflecting price levels. The market now operates in three tiers: entry below $1.2m, mid $1.2–3m, top above $3m. Future growth relies on lifestyle demand, but affordability constraints, rate sensitivity and ample stock reduce buyer urgency.
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PropCred Estimated Value

Comparable Sales: 3/24 Scott Street sold December 2025 for $1,080,000; 8/24 Scott Street sold December 2023 for $1,180,000 | Property Price Band: $1.0M–$1.1M | Value Drivers: Complex amenity and beach proximity; unit condition and internal layout; bushfire overlay and strata levy implications

Bedrooms

2

Bathroom

2

Parking

2

Land

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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