$7.9 million for byron bay

When Sydney booms the East Coast lifestyle markets always follow.

It is what it is and some people don't get that it is what it is.


"Byron hinterland property attracts record $7.9m."

FLAMBOYANT music entrepreneur Tom Misner is about to pocket $7.9 million for his luxury Byron Bay property in a renewed sign of confidence in the NSW far north coast residential market.

A Melbourne couple exchanged contracts yesterday to buy the 5.6ha property known as The Byronian at Coopers Shoot in the Byron hinterland.

Apart from a helipad, four horse paddocks and stables, the property, listed less than one month ago, features a wet-edge pool and flood-lit tennis court.

“This is a record sale for a rural residential property in the Byron region,” a local agent said yesterday. The agent said it was the biggest deal so far this year in the region, which has attracted Sydney and Melbourne’s business elite including Nine chief executive David Gyngell and Flight Centre co-founder Jude Turner.

Mr Misner has been cashed up since 2011, when education services provider Navitas bought audiovisual college SAE, which he founded at Byron Bay.

Settlement on the Coopers Shoot house is due on April 11 through selling agent Nicolette van Wijngaarden of Unique Estates. Ms van Wijngaarden declined to comment yesterday.

http://www.theaustralian.com.au/business/property/byron-hinterland-property-attracts-record-79m/story-fn9656lz-1226855142427#