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Hollywood Celebrities Flock to Small Australian Beachside Town
Rising Real Estate Prices Driving Out Locals
An increase of Hollywood productions in Australia has attracted the rich and famous to a small seaside town in northern New South Wales, which has driven up real estate prices in the once quiet surfers’ paradise.
Inquiries for properties in Byron Bay have surged, with city-dwellers inspired by the onset of working-from-home during the pandemic lockdowns and looking to escape to the coast.
But this has pushed locals further away from the desirable bay, where housing prices where already trending upwards prior to the CCP (Chinese Communist Party) virus (novel coronavirus) pandemic.