When you’re considering buying a new home its comforting to know your investment is a safe one. The Mullumbimby area has a very strong record of capital growth. There are many reasons apart from it’s beauty and charm.

Demographers are using the term “amenity migration” to describe the trend for people to move to particular areas and consequently for these areas to be good investement choices.

The following phenomena all contribute to this: 

• Coastal migration – people moving from inland to the coast.
• City exodus – people choosing to leave the pollution, traffic and crime for better.
• Lifestyle choices – ‘seachange’ and ‘treechange’. These people know life can be improved by a good environment.
• Retirement boom – The Northern Rivers is one of Australia’s major magnet areas for retirees.
• Education opportunities – Southern Cross University, Bond University, Griffith Gold Coast Campus, TAFE centres at Lismore, Ballina, Kingscliff and Murwillumbah. Steiner schools at Mullumbimby and Byron Bay.
• Ripple Effect – High volume holiday destinations like our iconic Byron Bay fertilize strong visitor enquiry for property both to live and for investment.
• Equatorial migration – A common trend internationally is the move from colder climates to more comfortable ones where outdoor activities can be more varied.
• Border Bounce – Many people just don’t want to go over the border into Queensland. They want to come north but still want an unspoilt environment. We see this regularly.

The impact of this strong demand can be seen very clearly in the graph below. This graph shows the median sale price of property sold in Mullumbimby since 1986! Source: Byron Shire Council Property Transfer Register.