House price records on the NSW north coast were smashed late on Thursday night when Coopers Shoot Hinterland Home Tom and Emma Lane of the Oroton fashion empire sold for $37 million.
Three parties are vying for the luxury 48-hectare farmhouse through Kim Jones of The Range Estates, who brought it to the market late last year with bullish hopes of $40 million.
Jones confirmed the $37 million result but declined to name the buyer — saying only that the seller was pleased with the result.
In fact, the sale beat the record for the luxury hinterland market by 42%, just six months after the previous record Claire Mullham $26 millionThe billionaire Roche family when she bought land in Suffolk Park.
Wealthy buyers from Sydney and Melbourne have rejigged Byron Bay’s ultra-prime property market several times in recent years, initially driven by border closures and lockdowns caused by COVID.
The exclusivity of the area’s luxury market has recently attracted rich-list luminaries despite the general downturn in the local real estate market.
Rip Curl co-founder Brian Singer hit a new high of $22 million in 2020 when he bought a house in Wategos Beach, setting a hinterland record a year later Helen Sali snaps $18.5m in Brunswick Headsthe wife of former Swiss vitamin company CEO Radek Sali.