High Byron Bay values ​​put pressure on socially disadvantaged people and force locals to leave the housing market.
The regional city has been named the county's most expensive city during recent research by Propertyology. Byron Bay managed to take the title in Sydney, with the median house price rising 64% in the last five calendar years. However, booming real estate prices were a double-edged sword, according to Byron Mayor Shire, Simon Richardson.
"If you're on the market in Byron, it's great, if you try to get in, it's less good.We are still in the top 20% of social disadvantages Weak … There are huge amounts that are struggling against the huge homelessness problems for those who are really struggling to stay at Byron, "said Richardson at abc.net.au.
The prices of the premises are also fixed. Abc.net.au introduced a resident who has lived in the city for 40 years and has two children in their thirties.
"The two children will not be able to afford to live in the city in which they were born, which is really sad," Jann Burmester told abc.net.au. "I was lucky to buy a townhouse in the bay, but five or six years ago I was fired and forced to sell."
Meanwhile, 29-year-old Tom Cook, a father of three, was born in Byron Bay and still works there, but moved south of Ballina with his family.
"Dad was raised there, and we were born there and we wanted to bring our kids in. It's sad, we were paying about $ 600 a week (in rent) for a house in Two-bedroom, 15-year-old row, we pay $ 50 more per week in Ballina and we have a three-year-old house with four bedrooms with swimming pool, "he told abc.net.au .
There are also some who have given up their dream of owning a home in their hometown and are struggling to find a home for rent. Local musician Fintan Callaghan, 50, father of four, is one of them. He could be evicted at the end of the month because the garage he was renting was being renovated to be used as a short term vacation rental.
"I pay $ 300 a week, but they will shoot down the wall, install a kitchenette and probably get $ 300 a night," Callaghan said.
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